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Gold will soon regain its lustre Despite roaring commodity prices and central bankers stoking inflation, gold is being left behind. But that won't last. 26 Feb 2021 “Everything’s glittering except for gold”, writes Mike Bird in The Wall Street Journal. You’d think these would be good times for gold. Commodities are roaring and central bankers seem keen to stoke inflation. Yet the yellow metal is being left behind. Trading at around $1,810/oz (£1,280/oz) this week gold is still more than 10% short of its early August highs. Even silver has been attracting more interest of late thanks ...

‘PSLV’ Still a Powerful Idea Today PSLV is a closed-end fund that lets investors redeem large blocks of shares in exchange for delivery of silver bullion. The Sprott Physical Silver Trust often trades at a premium to net asset value (NAV). Closed-end funds can see large premiums and discounts, while exchange traded funds (ETFs) have an arbitrage feature that tends to keep prices in line. “Samuelson believes silver remains undervalued relative to gold by 10% to 30%. With gold in the $1,825 to $1,875 an ounce range, silver should be trading at $30 to $35, he says,” according to Barron�...

“Higher Treasury yields and the recent bounce in the [U.S. dollar], both of which rely on economic strength,” are the main short-term factors that have held gold prices back since the U.S. presidential election in November, says Peter Grosskopf, chief executive officer of Sprott. However, “we believe the markets are more dependent on government stimulus and money printing than they have ever been historically.” SGDM tracks the Solactive Gold Miners Custom Factors Index and “emphasizes gold companies with the highest revenue growth and free cash flow yield, and the lowest long-term d...