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ASA Gold and Precious Metals Limited (ASA)

NYSE - NYSE Delayed Price. Currency in USD
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21.51-0.17 (-0.78%)
At close: 04:00PM EST
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  • B
    Bradley
    haven't been looking good for miners in a while. any insights if they'll start trending higher?
    Neutral
  • r
    red
    ASA will do $30 by the end of Sept. this is only the beginning for ASA and Gold Companies ?
    Bullish
  • k
    krishak
    Look at the discount today! Premium (Discount) -19.72%

    I THOUGHT MERK WAS SUPPOSED TO CORRECT THIS?
  • B
    BuzzyBuzzyear
    IF you are reading this, I need to congratulate you. You obviously are smarter than the average investor. You have you own ideas about where we are heading and why...and you have decided that precious metals MIGHT be a part of your answer.

    FIRST: You are NOT alone., even though if you watching CNBC or other business news you would think there are ZERO investors interested in precious metals or that those that are resemble the Beverley Hillbillies or bury coins in the back yard.

    SECOND: IF you decide you are interested in gold, silver, platinum, palladium, or rhodium you are in the right place.

    First, ASA has an enormous discount from NAV of over 13% right now. ANYONE buying the mining stocks on this list elsewhere are simply paying 13% more than those buying here.

    Secondly, although everyone will agree ASA's management team has been an absolute disaster for years (hence, the discount is explained). However, the management team finally got smart and decided to turn it over to real professional asset allocators. Going forward, this fund will NOT underperform the averages like $GDX and $GDXJ as it did in the past.

    Third, the discount is going away slowly and surely. This is going to happen because the team is going to strategically buy back shares to reduce the discount at the same time they are exploring conversion to an ETF, which would immediately eliminate the discount from NAV (and give you a free 13% one-day profit on ALL your invested funds).

    Finally, yes I am a know-it-all and I'm sorry about that but watching people buy gold, silver or other PMs anywhere else is just dumb. Buy ASA instead for the reasons I have enumerated previously.
    Bullish
  • r
    red
    If AEM goes to $100 will ASA go to $30 ? AEM will have huge profit increases this full quarter of production ?
    Bullish
  • r
    red
    The Federal Reserve is not raising interest rates any time soon, so look for 27 in the ASA world ?
    Bullish
  • r
    red
    Gold has a full quarter of production at higher prices ? The best part of the rise in gold is ASA's stock portfolio which becomes increasingly valuable into volume at the top gold ?
    Bullish
  • j
    jerry
    With the ASA value being dependent on metals and mining you would think it would boom. Seems a bargain at the discount.
  • r
    red
    And there goes ASA with AEM both up over 5% today ? So the question remains if AEM goes to $100 will ASA go to $30 ?
    Bullish
  • B
    Bradley
    doesn't look like going to move. been trading side ways for months.
  • B
    Bob Geeeeeeez
    High dollar value affecting gold and precious metals along with a screwed up Fed. Just remain long. Pendulum always swings.
  • r
    red
    What happened to ASA today up 5 to 6 % , some one finally looked at the PE, or it's portfolio of stocks ?
  • T
    Tom
    Just bought they hold the best and 18 percent discount what’s not to like
  • L
    Louis
    ASA has done very well in the last 12 month and should continue to do well, due to the uncertainty of the Corona Virus, secondly the November election and thirdly The global crisis between China and the U,S,, remember in uncertain times Gold has always been a refuge for Investors.
  • K
    Kroptie
    May get open end fund here to bridge -17% discount. like buyin gold at $1250 instead of $1510
  • Y
    Yahoo Finance Insights
    ASA Gold & Precious Metal reached a 52 Week high at 18.94
  • Y
    Yahoo Finance Insights
    ASA Gold & Precious Metal reached a 52 Week high at 16.63
  • L
    Louis
    will revisit the high in one more point, after that the sky is the limit, The global crisis between China and the U,S,, remember in uncertain times Gold has always been a refuge for Investors.
  • D
    Dave
    y the after-hours drop?
  • Y
    Yahoo Finance Insights
    ASA Gold & Precious Metal reached a 52 Week high at 19.88
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