LME and NYMEX gangtackle the goldbugsLooks like stops getting taken out on the futures, and gold selling for 10 to 20 % lower than what a person can buy it for physically. Paper traders have always had the huge advantage, as a few thousand dollars can control a huge amount of gold paper derivatives.
Asian central banks will be buying up the bargains again.....
Luckily PME has actually got a diverse group of stocks in the holdings, biggest holding is Lithium play LAC... another in the top ten is AUSSIE play Leo Lithium which is up about 25% in the past month.
So when viewing the UNIT NAV , which at last report was over $2.81 , it is not because of the gold /silver plays, but much of the gains were in the lithium/ plays.