Why is GTU down today 1.55% when gold is up $ 36/oz?

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#1 Mon, Aug 22, 2011 - 1:21pm
robreke
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ridgeland, MS
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Why is GTU down today 1.55% when gold is up $ 36/oz?

Does this have to do with Central gold trust's ( GTU 's ) premium....the fact that it's down over a buck today while gold's up $ 36 / oz?

Thanks.

Edited by: robreke on Nov 8, 2014 - 5:20am
Mon, Aug 22, 2011 - 4:57pm
Doople
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GTU is a closed end fund

GTU is a closed end fund trading at a 9.2% premium to Net Asset Value (NAV). Its cousin CEF is trading at a 2% premium. It could be that some people are simply taking a profit and reinvesting it in CEF or bullion in hand.

Tue, Aug 23, 2011 - 11:06am Doople
robreke
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how to find what the premiums are?

Thanks Doople,

Is there anywhere to go on the web to find out what the current premiums are on any of these PM etfs? ( GTU, CEF, PHYS, PSLV, etc ) ?

randomness