Discounts And Dividends In Gold Closed-End Funds

This series of articles does not aim at predicting where precious metal prices will go, but at showing investors where they can get more value for their money.
Since my last update 1 month ago, gold price skipped above $1200, the major pivot zone since 2013.

Gold price weekly chart (finviz.com)
Short-term price action is bullish and seasonality is still supportive in February, but expected rising rates are not. The short interest of commercial hedgers (who have anticipated price moves in the last few years) is well below the 2016 average, but it has started increasing again.

Commitment of Traders (finviz.com)
The increase in short interest is more visible in silver and platinum. It seems that precious metal insiders do not believe in a strong bull market in the near future.
I don't know if it is a good time to buy precious metals as an investment, but there is no bad time to accumulate small amounts as an insurance. For this purpose, some closed-end funds are an alternative to GLD, SLV, PPLT and PALL The next table shows discounts, premiums, and real metal allocated for some Canadian funds on 6/2/2017.
Tickers
+Premium -Discount
Annual Fees
% of NAV in bullion*
Central Fund of Canada
CEF
-7.5%
0.32%
99.8% (gold 60.7%, silver 39.1%)
Sprott Physical Gold Trust
PHYS
-0.36%
0.35%
99.9%
Sprott Physical Silver Trust
PSLV
-0.29%
0.45%
99.8%
Sprott Physical Platinum &... Read more