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.

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ASA Gold and Precious Metals Ltd

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Post by PUNJABIon Dec 21, 2021 11:07am

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Post# 34250499

Tax loss technical trade

This sector has been destroyed and lost more value than others.

Arguments can still be made that even at current valuations some companies in the sector still do not offer real value as this sector is treated as a growth sector which does to rally take into account the massive burn rate and recklessness in the entire sector.

There can be a technical trade provided the whole market does not fold at the beginning of the next year. Some stocks will rebound faster than others in the sector. Some will lag. Some of the options which may rebound faster than others are HMMJ, TLRY, WEED, etc ( Some companies listed in the article below )This has nothing to do with valuations but a possible technical bounce

I am surprised how defensive Hmmj has become over 72 % of its assets are in large-cap companies that will survive the competition and are the leaders. Few big companies actually fall into other sectors too with really massive revenues and profits.

https://www.bnnbloomberg.ca/cibc-offers-52-potential-tax-loss-bargain-buys-1.1698542