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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (275180)	1/26/2004 2:50:23 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 436258

ild, FAX went to a discount last week which is wiped out today. <g> FCO and GIM are holding a very small discount as of Fridays NAV. FCO NAV may hold with the Canadian dollar still in positive territory, as the other currencies are under pressure today.

To: ild who wrote (275180)	1/26/2004 3:15:20 PM
From: Tommaso	Respond to of 436258

Well, the FAX discount disappeared today, evidently because of the mention in Barron's.

To: ild who wrote (275180)	1/26/2004 3:23:43 PM
From: Tommaso	Read Replies (2) \| Respond to of 436258

>>>Dundee has this discount because of risk.<<< A few years ago, CEF also had a "discount because of risk" because everyone knew gold was in a bear market. Dundee is no more risky than the stocks in its portfolio. Among its larger holdings are companies that I might not want to hold large positions on individually, but the diversification reduces risk. For anyone who wants to speculate on the future of gold mining companies, I see no better way to do it. I said exactly the same thing about CEF five years ago: that anyone who wanted to speculate on the price of gold could not do better than to buy bullion at a discount by owning cef. I was amazed when it went to a 15% premium. I don't think DPM is ever likely to go to a premium, but a 25% discount is a pretty good cushion.