I like the theory that all the money printing is landing in stocks, bonds, real estate, and crypto. That the inflation is being contained in these assets, so that's why we don't see prices spiking (up a bit, sure). Will the money start to flow out of these capital assets and into the economy? Not sure... Where does gold fit in? It's just an asset like the others, where people might or might not go towards, looks like they haven't this time though.Personally, I feel like the signs point to a good deal of inflation coming out of the COVID mess and governments have been printing money to keep the party going for the last two years -- I would have thought the nervous would be stocking up on gold. Is this NAV anomaly peculiar to MNT or is it in other funds too?
EDIT: it looks like CEF.TO is at a 3% discount.
The premium/discount on MNT matches up quite well with general sentiment in the gold space. For example there have been net redemptions in recent months out of the giant GLD and IAU as well... so the MNT discount is logical. It's reflecting general investor sentiment: gold has been weak for several months.EDIT: it looks like CEF.TO is at a 3% discount.
I use Trading View. I have published the GLD chart above GLD trend and short-term direction for AMEX:GLD by vdimitrov73, or you can create your own.Where did you get this chart? The ones I can find on mint.ca present the data in a totally useless way and do not show real time data at all today for some reason. I'm curious to watch this trend, if it continues.
Inflation surprise + no FED policy change = GoldI use Trading View. I have published the GLD chart above GLD trend and short-term direction for AMEX:GLD by vdimitrov73, or you can create your own.
The mint calculate it for you, but you can do it yourself by multiplying the ounce of gold per unit with the price of gold per ounce.Hi everyone,
I was wondering if anyone could enlighten me as to how to determine the true, real-time NAV of MNT (ie: determining the premium/discount that the shares are presently trading at) - this would go a long way to reassure me that I'm not paying too much of a premium when buying shares, etc (and ideally buying at a discount, of course).
Thanks in advance!
Thanks for the info. I found the NAV area on the MNT website and they list the NAV as $23.75/share. The last trade today was $22.95.The mint calculate it for you, but you can do it yourself by multiplying the ounce of gold per unit with the price of gold per ounce.
I think you've got it.Thanks for the info. I found the NAV area on the MNT website and they list the NAV as $23.75/share. The last trade today was $22.95.
So is my calculation correct in that: the fund should be at $23.75/share but went for $22.95/share at the last trade, or a $0.80/share discount, thus that was a 3.4% discount to NAV?