Precious Metals and Mining Trust T.MMP.UN

TIME TO start accumulating MMP.un?

[mouserman]

I am thinking with gold holding 1800$ USD and silver staying level at this point... MMP.un valuation looks more inviting.
The last trade at 2.07, and the NAV closer to  2.40 today with the gains, so MMP.un trading at the highest discount to NAV we have seen in some time. Beaten down precious metals sector is due for a rebound.
I am seeing a trechnical correction on the overbought equities in North America, with valuations in many sectors over the top , given the pandemic ,high  unemployment , lower GDP and lockdowns happening globally to fight the pandemic.
Good news about vaccines  is causing euphoric buying , as investors believe the worst is over.
I am not 100% sure that the vaccines will make a difference, given the logstics of mass-delivering it  to the general public. First dibs will go to first responders and medical care, then the army and then the politicians. The rest may have to wait a year to see a vaccine, and by then it may not be viewed as effective as the pharma companies are pumping. A lot can go wrong with a vaccine that hasnt seen massive testing over a few years...never mind if the flu mutates and becomes a virus the vaccine wont work against.
Gold has a lot of room to run yet, given that we are going to see more massive stimulus $$$ being thrown from the helicopters to save businesses and unemployed.
That massive amount of stimulus can only do one thing.... cause big debt and inflation in real commodities and necessities. Oil consumption and demand will fall bigtime with massive lockdowns around North and South America  and Europe...
Time to start averaging in before the herd realizes what the economy is really like NOW, not 3 years in the future.

[mouserman]

Well maybe not.... big takedown on the LME , with a little help from the CRIMEX as it opened. Spot gold is bouncing back , but USD down and so SPOT GOLD down quite big in terms of CAD...