NAV Premiums Of Certain Precious Metal Trusts And Funds - March 20, 2015

Gold has hit my short term objective of the overhead resistance at 1185, albeit in three of steps.

Sprott silver has taken its cash levels up to a much more healthy level with the sale of a bit more silver from its trust.

I think a lot of bearish sentiment was leaning into the FOMC day trade in both stocks and metals, and a few other things as well. And with the expected happening, with the Fed whispering some dovish words, the markets were able to take off to the upside and take the bears for a ride.

Market rigging does worth both ways in the short term. And it is easier when you get to see into the other fellow's hand.

And the shills and trolls provide the chorus. Remember Jim Cramer's infamous video about how to manipulate the market 'legally'?

Longer term fundamentals manner. Short term only money and power matters. Intermediate is a mixed bag. There is not a lot of doubt in my mind that the intermediate trend in the metals is a policy thing, providing a backdrop for antics by the usual gangs of better connected wiseguys.

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