Yeah, I was glad Gundlach came out and called B.S. on GLD as well.
Really is interesting what’s happening in the futures market and the premium to spot. Seems to me if they had the metal readily available there would not be a large premium, but what the hell do I know?
Somehow, they’ll try to figure out a way to paper it over like they always do.
I’m nibbling at some shares this am. Might be a mistake with the SM down, but we’ll see.