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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (93126)	2/2/2003 11:05:09 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116768

Degree of insanity depends upon retrospect perspective, wouldn't you agree? It went from discount to premium which you earlier noted had been done before... and it has gone from SOME premium to MORE AND MORE Premium just as I earlier noted we the most likely scenario which I anticipated. Since the vehicles for "physical backed, above ground, hallmarked gold & silver" are few and far between, I suspect the premium will grow yet again from your observed 20% current level. Just my opinion. gold & platinum_tutor

To: goldsheet who wrote (93126)	5/19/2003 12:29:05 AM
From: goldsheet	Read Replies (2) \| Respond to of 116768

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.

To: goldsheet who wrote (93126)	5/19/2003 12:31:31 AM
From: goldsheet	Respond to of 116768

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. etfconnect.com 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. Expenses on ETFs are also often lower.