Cash level in the Sprott Silver Trust has dropped below the $2 million mark. This is historically low.

Premiums of Certain Precious Metal Trusts and Funds.

It appears that some more gold has been redeemed from the Sprott Physical Gold Trust in this last paper push lower in price.

Some are asking why there is a such a deep discount to net value on the Central Funds.

Last week the gold market was ambushed twice in close succession – first by the Fed’s “everything is fine” statement (no-one can have been surprised by the well-telegraphed temporary end of “QE”) and then by the BoJ’s surprise assault on the yen.

Stock futures soared in the US and the Nikkei futures were limit up.