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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 KelownaClownon Apr 05, 2021 9:46am
239 Views
Post# 32936526

RE:It cant go up for ever

RE:It cant go up for ever
TheMoneyMaker1 wrote: Institutional traders are inevitably going to sell and bring the stock down before VLNS goes any higher.

I think it's more likely that retail investors who bought at these levels a year ago, and who just want to get their money back, are more likely to be the people selling this week. Or, retail investors who bought in the past couple of months, and now can't resist taking some juicy profits. Institutional traders are not, generally speaking, looking to make a quick buck. Given the low float, retail investors selling can hold the price down for a while... we shall see.

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