Buy What is on Sale! CEF Discounts by CSInvesting
Selling today in the pits-gold and silver
Above is a chart of Central Fund of Canada Limited (NYSEMKT:CEF), Canadian Gold (60%) and Silver (40%) bullion closed-end fund trading at a 6.5% discount today. ON SALE! I have no clue if tomorrow the price will be higher or lower.
Note the premiums as high as 10% and currently 6.5% discount.
Long term sentiment
A Great blog, Down the Rabbit Hole: http://biiwii.com/wordpress/2014/09/10/sentiment-shifting-gold-bugs/
Though, I like miners more, but now is a good time to pick up tangible money at a discount. Pay 94 cents and get a dollar of gold and silver today–I will take it. SOLD! Miners make money on the arbitrage between their input costs and output prices. You don’t need a rising nominal gold price you need a rising REAL gold price.
Now is the time for me to post my work on Yamana Gold Inc. (NYSE:AUY) (by this weekend, I pray) because it is at a price $7.33 that I have purchased in the past and it may be a reasonable choice for a BASKET of miners.
Read this post and the link within it to gain more understanding.