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 > Short Position

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Comment by KelownaClownon Aug 28, 2019 8:01am

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Post# 30073730

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Short Position

I know it's easy for me to be relaxed since I bought at $1.15, but here's my take on recent events. Everyone (and I mean everyone) is spooked by fears of a global recession, this is affecting everything from hemp to housing, here in Canada people are starting to defer purchases of luxury items like boats, cottages, and more expensive homes. This downturn hasn't just affected the pot sector of the stock market, it's global and across the board. But if you want to look at pot, look what's happened to TRST and WEED - a big ouch there. TRST was over $13 in March, it closed yesterday at $2.28. WEED was over $70 in May, and now it's slightly above $30. I'm thinking there are plenty of TRST and VGW investors who are wishing they were holding VGW. August is a dead month for many markets, for instance this is one of the worst months for real estate sales. But things will pick up after the long weekend, and people get back to work. We're getting close to Q3 results. Hold onto your shares! Just my opinion, of course. GLTA longs!