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GraniteShares Gold Trust BAR

The investment seeks to reflect generally the performance of the price of gold. The Shares are intended to constitute a simple and costeffective means of making an investment similar to an investment in gold.


ARCA:BAR - Post by User

Comment by alleyesonmeon Jun 01, 2021 11:55am
63 Views
Post# 33303344

RE:RE:RE:Bought at 1.19, but holy this drop is shocking.

RE:RE:RE:Bought at 1.19, but holy this drop is shocking. Does appear sellers are losing momentum. if we can establish a floor with some buying momentum shorts may begin covering. The 10% discount rate applied to calculations should cover any price increases in equipment and shipping. Being in the development stages for the majority of the backlog will allow time for issues in the supply chain to simmer. Furthermore I feel UGE has an edge on procurement because they've been doing this for 10 years and have numerous successful Chinese entrepreneurs on the board like MS XIE, who also held high level positions within the Chinese regime as deputy director of the Beijing chamber of commerce, and chair of the China chamber of commerce in Cambodia. Her knowledge of the inner workings of the political, economic happenings and how to best navigate them as a importer in the USA would be valuable.
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