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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ild who wrote (169430)5/31/2002 4:54:53 PM
From: Knighty Tin  Read Replies (2) of 436258
 
ild, I don't have any records. But if gold were selling for $300 and ASA had a 10% discount, then the price of gold would have to be $330 to make the SA golds fairly valued. It is an old bromide and a lot like horseshoes and hand grenades (close is good enough), but it has been a rule of thumb for awhile. When ASA trades at a premium, it usually means the underlying miners are at a discount to the metal.
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