Sentry commentSentry pme just raised their distribution and released this statement,
It is the view of Sentry Investments Inc. ("Sentry"), the manager of the Corporation, that the recent rise in the gold price is well supported by strong demand from investors who view gold as a purchasing power hedge, and an alternative to low real rates and even negative interest rates. It is the view of Sentry that the demand drivers behind gold's rise are well founded and unlikely to abate in the near to medium term. The primary supply of gold has stagnated over the last two years. Sentry believes that future gold supply will be unable to adequately meet rising investor demand, given depressed gold mining margins, reserve depletion, cutbacks in global exploration and collapsing gold discovery rates. As such, Sentry continues to believe there is good potential for gold prices to continue to rise and that investment in high-quality, gold-mining equities offers an attractive investment opportunity for the Corporation's shareholders.