NAV Premiums of Certain Precious Metal Trusts and Funds

“Those who are capable of tyranny are capable of perjury to sustain it.”

Lysander Spooner

Today is a rough day for the precious metals, with the financial powers-that-be trying to prove that the end of QE III need have no negative effects on their financial engineering.

The greater the leverage or beta with regard to precious metals today the worse the decline.

For example, gold bullion is performing better than silver, and the miners and other leveraged means of owning precious metals have been taken out and beaten.

PHYS has lost about .75%  and PSLV about 2.8% since yesterday.   But if one holds the miners, it could be much more. 

I am not in silver in the short term here and now,  but I did make one injudicious mining purchase yesterday, alas.

I did not have the opportunity yet to update the metals holdings or cash levels in the below.