NYSEAM:GTU - Post by User
Post by
nambuon Jun 20, 2009 12:37pm
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Post# 16086404
Inundated with bullion issues
Inundated with bullion issuesWith Horizon, Claymore issues in recent IPO, Streettracks, and CEF trading increasing volumes - the air is out of the tires that kept GTU trading at premiums.
Close to NAV seems fair, realistic etc... but is not a great sign for longs to this product. Having Embry on the board is not enough with all the heavy splash and marketing of the ETF majors this may become very thinly traded and be discounted as a result.
Gold is money but product placement is everything when cab drivers and waitresses are talking about buying gold because the wad of cash in their pocket "isn't safe"....
GLTA