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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

Post by mesa1on Apr 05, 2019 2:09pm
160 Views
Post# 29588976

Losing the momo and ST traders here ...

Losing the momo and ST traders here ...and that's a good thing. The pause that rebalances the technicals.

Gotta smile with all the self-described small position traders' comments and public hand wringing here. Typical cycle sentiment.

Positions being giving up and those exiting their trades are being soaked up by savvy longer term buyers. So it always goes ...

A break through the $3.00 will signal a challenge of the old highs, soon enough imo. Been here 2+ years. See you on the other side ...
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