SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: re3 who wrote (56437)7/18/2000 10:52:58 PM
From: goldsheet  Read Replies (2) | Respond to of 116822
 
> pan am did not hit a new low in toronto

Its 52 week low on the NASDAQ was 3 7/16, and it dropped to 3 3/8 today, making a new low.
quote.yahoo.com

>why would the central fund be at a low ? i thought all they did was own physical and that is not at a 52 week low...

They own gold and silver in a 50:1 ratio. Silver is about a dime over its 52 week low, but gold is $30 over its low.
Since it is a closed end fund, discount to NAV must have increased.
cefa.com

Confirmed. NAV was 3.75, price was 3.375, making the discount 10%, which is just about as high as I have EVER seen it.
Therefore, if you like AU/AG, CEF is a way to buy it at a discount.

A long-term chart show CEF at its lowest price in a decade:
stockmaster.com