Post by
mouserman on May 01, 2020 4:10pm
Big pop in PME NAV today...
TOp holdings doing real weel and i have the gain for PME NAV at about .10 for today.
Up about 5 % overall.
Yesterdays NAV was 2.2225, and 5% of that makes over a 10 cents gain. So lets say now at about 2.325..
With the last trade at 2.09 leaves them trading at a 10% discount to NAV.
Just not a lot of believers in the gold miners move of late.
Comment by
Audax77 on May 02, 2020 10:03am
PME +4.409% Mutual Fund + 3.924% MMP +3.762% Quite the difference there. I was expecting 4 to 4.5%, but also thought MMP would be on top with over 11% weight in Wheaton.
Comment by
mouserman on May 03, 2020 8:17am
I forgot to take into account the AUSSIE miners they holdin the fund. They went down friday, but of course the spot price of gold was down when ASX was trading. WIll see them pop back up big on monday, as they play catchup. Saracen Minerals has dropped bigtime in the past week, from 4.50 level April 27 down to 3.97 at MAy 1.
Comment by
Audax77 on May 04, 2020 11:20pm
According to morningstar, the mutual fund gained 0.95%. Hard to reconcile that with the March portfolio while it was (mostly) green today and overnight on the ASX. I'll guess at least +1.07% for PME