ASA Gold and Precious Metals Ltd C.ASA

Primary Symbol: ASA

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.

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ASA Gold and Precious Metals Ltd > Sector pressure ...

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Comment by screamingbullon Jun 21, 2019 10:50am

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Post# 29849353

RE:Sector pressure ...

Nice retest of support, touching $3.93 before a wave of buying takes us back - currently $4.16.

This will flop around today as all the nervous nellies and punters clear their extended accounts, but wouldn't be surprised to see a strong close.

A move through the $4.40 area would suggest a clear and probably quick run to test the nice round number at $5.00 - maybe over the next few weeks?

Canopy's Bruce Linton was just interviewed on BNN Bloomberg and explained why their last Q's sales were softer, and that similar to Amazon that the costs of aggressively building out essentially defers profitability to the future. Earlier losses on their shares are easing.

Good shakeout of weak hands, clearing the path to the next leg, imho.