Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Chispas who wrote (96094)	10/20/2003 1:21:12 AM
From: The Vet	Respond to of 116764

Actually Chispas, it is very interesting to check the price on GOLD on the ASX and how well it follows the world market POG. Unlike CEF or similar closed funds which can vary quite a lot from their NAV, GOLD is an open fund and it always tracks the AUD POG very closely, but usually with a slight premium. Right now my real time ASX quotes show the bid at $53.55 and the ask at $53.60. Kitco gives the present AUD price of Gold at $535.17 an ounce (which is the bid price). GOLD stock (x 10)translates to $535.50 an ounce bid and $536.00 ask. The spread of 50 Aussie cents an ounce is actually less than the spread on the world market which is now at 50 cents US which is 72 Aussie cents.