NAV Premiums Of Certain Precious Metal Trusts And Funds – Crash In A Matter Of Months?

 

In case you were wondering there is a Comex precious metal options expiration on Thursday the 24th.

Since the expiration is for the inactive month of May, I am wondering if they are not going to do an early hit with a head fake on this one as the day comes. 

 Hard to forecast.  Typically a noted player will show their hand at some point and the pit crawlers will follow their lead.  They used to walk into the pit, but now I wonder if they just don’t print it on the electronic trade, if you know what to look for.

The ‘hit’ on the metals was pretty much standard operating procedure this morning.

We are clearly in the ‘wash’ cycle for equities.  Except for the miners which are getting pummeled.  That is a hard trade lately.

Normally I take this sort of thing with a grain of salt, but I have quite a bit of respect for Richard Russell.  He has an interview in which he says that he says ‘the dollar will crash in a matter of months.’

“The US will lose its reserve currency advantage within a few years or probably less time. Our defense against a weak economy is always to print more money. In a matter of months, I see the dollar crashing.”