Bullboard - Stock Discussion Forum Sentry Select Primary Metals Corp T.PME

Sentry Select Primary Metals Corp. (the Fund) is a Canada-based financial investment company. The Fund’s investment objective is to provide shareholders with long-term capital appreciation, and monthly cash distributions. The Fund invests in an actively managed portfolio consisting primarily of securities of mining and exploration issuers, with a current focus on gold issuers. CI Investments... see more

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Sentry Select Primary Metals Corp > LME and NYMEX gangtackle the goldbugs

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Post by mouserman on May 18, 2023 9:19am

LME and NYMEX gangtackle the goldbugs

Looks like stops getting taken out on the futures, and gold selling for 10 to 20 % lower than what a person can buy it for physically. Paper traders have always had the huge advantage, as a few thousand dollars can control a huge amount of gold paper derivatives.
Asian central banks will be buying up the bargains again.....
Luckily PME has actually got a diverse group of stocks in the holdings, biggest holding is Lithium play LAC... another in the top ten is AUSSIE play Leo Lithium which is up about 25% in the past month.
So when viewing the UNIT NAV , which at last report was over $2.81 , it is not because of the gold /silver plays, but much of the gains were in the lithium/ plays.