Daily Report : GLD and SLV premium to NAV; S&P approaching all time highs

GLD and SLV are trading at a significant premium to net asset value.; The past few weeks and months have seen U.S. tech stocks rally relentlessly while other countries' stock indices bounced sideways. The tech rally managed to drag the S&P 500 towards all-time highs, which is quite amazing given all the doomsday predictions we saw in late-March.