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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: The Vet who wrote (18822)	8/30/2003 9:07:12 PM
From: jimsioi	Respond to of 39344

Re CEF and RANGY Actually, RANGY is trading at $14 having missed making a new high by two cents on Friday before tailing off...It's discount to NAV is not only the discount of it to its position in GOLD but also the total lack of appreciation of its other holdings including Afrakaner. Yes, indeed the CEF premium can go anywhere and has...as high as 25% in the May '02 rally. Suspect some people learned a lesson or two from paying up that much. A 7% premium has been a low is corrections since that peak...upwards to 17% a recent high ...Apparently there is a big seller or has been one recently keeping a lid on the premium. Until a US ETF comes along purchases at a 12-13% premium is about as good as one will get.....imho.... I agree, entrenched market forces are keeping a US Gold ETF off the shelves....One will come along late but when it does provide a vehicle for easy point and click margined investment in the metal...Wish it were to be sooner rather than later, however.