Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Public Heel who wrote (32285)	11/14/2004 7:21:23 PM
From: The Vet	Read Replies (1) of 39344

Perhaps CEF will keep some premium because of its silver content? Sure perhaps they will, but why? The only reason would be that there is no competing silver ETF. All the problems of maintaining a fair share price to NAV in a closed end fund remain. If the share price did drop to below NAV what could be done to restore the share price? I can show you cases a couple of years ago when gold was out of fashion of junior explorers whose MC was lower than their cash in the bank, and they stayed that way for months.. I don't believe in efficient markets or the old sage that the market is always right. Unfortunately the market is set by the majority, like a democracy. However, collectively the majority can be wrong quite a lot of the time.

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