Bullboard - Stock Discussion Forum Sentry Select Primary Metals Corp T.PME

Alternate Symbol(s): SPMLF

Sentry Select Primary Metals Corp. (the Fund) is a Canada-based financial investment company. The Fund invests in an actively managed portfolio consisting primarily of securities of mining and exploration issuers, with a current focus on gold issuers. The Fund’s investment objective is to provide shareholders with long-term capital appreciation, and monthly cash distributions. CI Investments... see more

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Sentry Select Primary Metals Corp > Gold hits new alltime high in CAD now at 2544$

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Post by mouserman on Jul 24, 2020 9:03am

Gold hits new alltime high in CAD now at 2544$

Spot gold has hit another new altime high in many currencies, but the CAD is the one i like to watch since most of these miners in PME are Canadian companies..
Gold producers took a hit yesterday, but really had little to do with poor economics for the miners, and more to do with some profittaking during a market wide selloff.
I suspect we see them bounce back nicely today and finish the week with a positive day.
PME nav dropped to about 3.30 after yesterday.... but still leaves them trading at nearly a 10% discount to NAV despite strong runups in gold and silver the past month.
Silver in particular is playing some catchup , up over 29% in the past 30 days... gold up a decent 7.6% over the last 30 days.

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