NAV Premiums of Certain Precious Metal Trusts and Funds – Market Dislocation

from Jesse’s Café Américain

Again the premiums to NAV are interesting. Sprott gold is still positive, with Sprott silver slightly at a discount.

The discount on the Central Fund has continued to narrow.

As you may recall, I ‘forecasted’ at the beginning of this year that the shortages in physical gold in London would start manifesting this month.

That may have been delayed a bit through the relief to the physical supply being received from the re-repatriation of the Venezuela gold.

Unless something radically changes I do still believe that we will be seeing a ‘break’ in the physical market at some point in the not too distant future.

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