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How To Get 6% Discount On Gold And Silver, 12% On Miners And A 10% Dividend

Published Sun, 04 Jun 2017 13:36:54 -0400 on Seeking Alpha

This series of articles does not aim to predict where precious metal prices will go, but to show investors where they can get more value for their money.
Gold price has been in a mid-term bullish channel since December and in a short-term bullish trend for 3 weeks. It is approaching the $1300 area, a strong resistance level where reversals have happened several times since January 2015.

Gold price weekly chart (finviz.com)
The short interest of commercial hedgers is getting close to its value at 3 of these reversals, but it may go higher. The commitment of precious metals insiders matters, with a note of caution: their strategy may change and the COT report is published once a week. The real short interest may be larger than we think.
The short interest of commercial hedgers in silver seems to be staying low relative to recent history, which may be a sign that they don't expect a reversal in the coming days. Platinum tells a similar story. However, the same note of caution applies.

Silver Commitment of Traders, weekly chart (finviz.com)
I don't know if it is a good time to buy precious metals as an investment, but there is no bad time to accumulate small amounts as an insurance. For this purpose, some closed-end funds are an alternative to GLD, SLV, PPLT and PALL The next table shows discounts, premiums, and real metal allocated for some Canadian funds on 6/1/2017.
Tickers
+Premium -Discount
Annual Fees
Central Fund of... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
GABELLI GLOBAL GOLD NAT RES & INC TRUST 4.44   0.0 0.00 0.00 13.48
GAMCO NAT RES GOLD & INCOME TRUST 5.83   0.0 0.00 0.00 10.40
NEWMONT MINING 38.66   0.0 -0.14 0.56 1.47
FRANCO-NEVADA 91.87   114.8 0.80 1.00 1.06
BARRICK GOLD 13.12   0.0 -0.56 0.28 0.93
RANDGOLD RESOURCES 17.13   0.0 -1.20 0.16 0.93
AGNICO-EAGLE MINES 56.59   0.0 -1.33 0.50 0.88
ROYAL GOLD 123.13   86.1 1.43 1.06 0.85
CIA DE MINAS BUENAVENTURA 14.33   0.0 -0.16 0.12 0.82
GOLDCORP 11.19   0.0 -4.77 0.00 0.70
ANGLOGOLD ASHANTI 19.59   0.0 0.00 0.05 0.27
ASA 12.30   0.0 0.00 0.02 0.16
SPDR GOLD TRUST 141.32   0.0 0.00 0.00 0.00

GABELLI GLOBAL GOLD NAT RES & INC TRUST - GGN
GABELLI GLOBAL GOLD NAT RES & INC TRUST - GGN  


Older articles featuring Gabelli Global Gold Nat Res & Inc Trust (GGN):
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
Gold Mining Stocks Broaden Their Appeal - With Dividends
BCX: A 7.8%-Yielding CEF With Diversified Exposure To Commodities
Closed-End Funds: 12 Funds In The 10%+ Yield Club At A Discount
The Fed's Decision May Yield A Surprise
Using BCX's 7+% Yield, To Hedge Against Inflation In Your Income Portfolio

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