Net Asset Value Premiums of Certain Precious Metal Trusts and Funds

Gold is still outpacing silver, and PHYS has climbed to a higher level of premium, levels which are a little on the high side.

The gold/silver ratio has declined to 52.

The premium on PHYS is at levels not seen since the first quarter of this year.

As always there are several ways to resolve this.  One way of course is for the price of gold to go higher.  But PHYS can also decline in price.

Lets see if gold can break out above the psychological $1700.

Robert Johnson: Audacious Oligarchy - Unmasking Wall Street and the Decline of Confidence

Two brief excerpts from Robert Johnson's Discussion at IMPACT 2012 in NYC

"Legitimate if you can, coerce if you have to, and accommodate if you must."

Jürgen Habermas, (paraphrased)

Robert Johnson serves as the Executive Director of the Institute for New Economic Thinking (INET) and a Senior Fellow and Director of the Global Finance Project for the Franklin and Eleanor Roosevelt Institute in New York.

Previously, Johnson was a Managing Director at Soros Fund Management where he managed a global currency, bond and equity portfolio specializing in emerging markets. Prior to working at Soros Fund Management, he was a Managing Director of Bankers Trust Company managing a global currency fund.

Johnson served as Chief Economist of the US Senate Banking Committee under the leadership of Chairman William Proxmire (D. Wisconsin) and of Chairman Pete Domenici (R. New Mexico).

Johnson received a Ph.D. and M.A. in Economics from Princeton University and a B.S. in both Electrical Engineering and Economics from the Massachusetts Institute of Technology.

Bill Moyers: Mike Lofgren and the Corruption of American Politics By Corporate Money

Here is an interesting tale of some of the self-serving hypocrites of Washington.

Commentary is provided by Mike Lofgren, author of The Party Is Over: How Republicans Went Crazy, Democrats Became Useless, and the Middle Class Got Shafted.

Moyers & Company Full Show #134: The Resurrection of Ralph Reed.