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Message: cef/gtu premiums - for those interested in gold/silver buillon

cef/gtu premiums - for those interested in gold/silver buillon

posted on Dec 08, 2009 06:30PM

I have owned and constantly monitor the premiums to NAV for CEF and GTU. CEF is about 55% gold/45% silver and normally has a 8% premium. The last time it was below that was when they offered new shares. Close of today they are at 5.4%....if I weren't so whipshawed right now I might buy some more. GTU on the other hand at 100% gold is at 1.7% premium which is unbelievable as it was just trading at 8% premium. One of the reasons I sold out of it on Friday was I had picked up 4% almost overnight just on the premium gain since I had bought it when the premium was only 4% and sold it when it was 8%. So if I get brave again tomorrow....who knows......we shall see.

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