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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: RJA_ who wrote (59186)4/23/2006 1:51:27 PM
From: ild  Read Replies (1) | Respond to of 110194
 
<<<Essentially folks are paying 2% over the net asset value of the fund.>>>

My guess is that on Friday we saw big short covering as CEF and GLD shorts covered because their hopes for more downside after Thursday's plunge didn't materialize on Friday. 2% premium for GLD is large and won't stay because GLD in not a closed end fund like CEF.

OTOH I don't know where etfconnect.com gets premium/discount for GLD. I see that GLD itself hasn't published the number. streettracksgoldshares.com I doubt it's as large as etfconnect.com reported.