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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.70-0.3%Dec 5 4:00 PM EST
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To: IngotWeTrust who wrote (87456)6/26/2002 9:40:48 PM
From: goldsheet  Read Replies (1) of 116796
 
112% of NAV is too much to pay to alleviate storage concerns. (IMHO)
CEF has traded at a discount for years, so there is nothing
new or special about it that suddenly makes it more valuable,
other than newcomers to the gold markets rushing into it.
(sign of a top ??)

Putting bullion into a closed end fund does not make it rare
the way a numismatic coin that happens to contain gold is rare,
so they are VERY different things.
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