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ASA Gold and Precious Metals Ltd C.ASA


Primary Symbol: ASA

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.


NYSE:ASA - Post by User

Comment by GregsInvestingon Jan 25, 2019 1:39pm
160 Views
Post# 29282110

RE:Buy before or after financials ?

RE:Buy before or after financials ?In my humble opinion, you probably want to hold a position before earnings here. Especially if Canopy reports losses still. Valens has not included any numbers in the release of their extraction agreements but the CEO alluded to positive numbers coming in the Feb report (which i'm not sure is legal) -- this tells me they want official reports to tell the market how well they are doing. So if Canopy reporting triggers a sell in the space and Valens reports healthy margins, there will be a lot of free money that comes piling in. 

I've been in (and out) for over a year here now but am happy with my current position. Otherwise i'd be piling at his very minute. Today's carnage is, albeit aggressive, an expected retracement after 100% gain in 1 month. Bulls back next week and come end of February, i'm expecting fireworks. 

Not advice, just my opinion and Good luck to you whatever path you choose. 
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