RE:Precious metals due for a rebound?Well it sure looks like inflation is here for a while, and COVID trying to make a new appearance to frighten the public into buying gold and silver again.
AT any rate I am buying PME the last while, as the stocks havent done as bad as PME's price. Currently trading well below NAV, and DIVVY is at 6.4 % at the prices i have bought in at. Made out great nearly a year ago selling PME at $3.40$ range, and bought the split fund bank stocks with the proceeds. Those have nearly doubled and so now taking profits in those and back into precious metals, for a small position.
MMP.un (sister fund to PME) trading a tiny discount to NAV of about 3 % and yielding only 5.2%
PME trading at a much bigger bargain with the discount to NAV over 8%. Yield today for PME over 1% higher than MMP.UN at 6.32% at the close today.