Net Asset Value Premiums Of Certain Precious Metal Trusts And Funds - Wake Up Call

"Here Homer with his nervous arms 
Strikes the twanging harp of war, 
And even the western splendour warms, 
While the trumpets sound afar: 
But, what creates the most intense surprise, 
His soul looks out through renovated eyes."

John Keats, Ode to Apollo

There is an obvious safe haven trade in precious metals, notably gold, and US Treasuries this morning as the accumulation of political and geopolitical risks have finally penetrated the consciousness of the denizens of the markets.

The stock indices I track have not yet violated any major trendlines to the downside. I am watching this carefully.

I have a largish short position on stocks and long gold in my trading account. But so far this looks like just a trade and not yet a trend.

Note the subdued variance to NAV exhibited by these funds and trusts below. 

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.