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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%Jan 23 4:00 PM EST
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To: Square_Dealings who wrote (4868)3/16/2006 6:32:32 AM
From: KyrosL  Read Replies (2) of 219684
 
FAX reviews its dividend every three months. Next review is mid-June. I expect that they will reduce somewhat the dividend sometime in 2006, to match it with their investment earnings -- they have been paying out capital from capital gains to the tune of around 10%. FAX is great as a US dollar hedge, but one must be sensitive to its NAV. My strategy is to reduce considerably FAX whenever the discount to NAV falls below 3% or so, increase to normal when the discount is in the high single digits and overweigh when the discount goes to double digits. It has worked for a number of years now.
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