Both Sprott Funds are estimated to have negative cash balances now. Gold has slightly gone negative but their silver trust continues to go a bit more. But as you can see, this is a tiny percentage of the overall fund assets. Still, it seems a bit odd. Gold and silver had a 'flight to safety' bounce today as did most less risky assets in the aftermath of Turkey shooting down a Russian jet, with Syrian Turkmen then executing the pilots as they descended via parachute. Stocks are struggling to go green. I suspect that a rally was in the gameplan for the Thanksgiving holiday week as it often is, but international events have intruded. We must show that nothing can deter the financial asset bubble in the course of its wealth transferring rounds.
