Fully agree! It is readily apparent from other posts on this forum that some people just don't realize the world got turned upside down on September 11th. As far as I know, ASA is the only way to buy gold at a discount. I predict ASA will be trading at a premium within a month. Great call!
The other way to buy gold shares at a discount is Dundee precious metals. It is a closed end fund that trades in Toronto. Dundee's discount is bigger than ASA's. Dundee owns a bunch of exploration gold cos. 10% of the funds nav is in Homestake.
Seems to me that there are forces, that cannot be overcome, working here. The volume would suggest that heavy selling is taking place at a time when holding gold equities would be advantageous.....I would like others to comment please...Rock