Something looks fishy. I see two scenarios. 1 It's European funds coming in to buy. 2 Federal Reserve secretly buying to protect the dollar. It could be both. I hope the 30 does do well, then I will buy more. Medium to long term, inflation will jump, the dollar will crash, and interest rates will skyrocket.
Maybe they one of those places that hold paper gold only. Sell and buy real gold. See APMEX, Lear Capital, or Gainsville Coins.
There is too much speculation out there regarding conspiracy theories of manipulators pushing down precious metals and if these big dealers and even governments have the gold they say they have. Then there is all the paper derivatives at a 100 to 1 ratio. Can't tell what is true or not.
Let's test this out. Everyone buy gold contracts and take delivery! It would be a giant game of chicken. They will push it down with paper trying to stop you out before delivery happens. Don't flinch.
If you have "holdings" somewhere, take delivery and put it in your safe deposit box.
The Government news is great for RNP, since it holds a lot of bank bonds and preferred stock. This is the once in a liftime opportunity to purchase.
If the market opens up tomorrow, start buying RNP hand over fist. RNP was way oversold today due to deleveraging of assetts. Look at the fund's top holdings performance today:
Boston Prop: +10%
Mack Cali: +6%
Nationwide Health: +7%
And RNP closed down? I think the investment banks threw out the baby with the bath water.
The list of holdings is a little old, but they did list holdings in Fannie, Freddie, Istar, and I think AIG. Does anyone know if they were able to sell those before all of them imploded? If you add them up, they still are a small part of their total holdings.
The dividend announcement should be coming anytime now. Anyone know when?
Second, let's all write to IQ to have them change the dividend from quarterly to monthly.