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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: goldsheet who wrote (93126)	5/19/2003 12:29:05 AM
From: goldsheet	Read Replies (2) of 116770

Central Fund of Canada Premium Plummets (as I suggested in early February) This week the premium is down to 10.6%, which is still historically high, after coming down from almost 30% when folks were foolishly throwing money at it. If you were unlucky enough to buy it at the $5.50 high in early February, you would be down about 15% to $4.70. If you had bought bullion directly instead at $370, you would have a much smaller loss. It's a bitch when the premium goes against you. Meanwhile, there are newer exchange traded funds that trade closer to NAV and offer good competition to the closed end fund. These new products are gold pure plays instead of being about 50/50 gold/silver.

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