Gold Investors: Do You Prefer An 8% Discount On Metal, 11% On Miners Or A 10% Dividend?

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.
Gold price has been bullish since December and came close to $1300 two weeks ago, but pulled back since then.

Gold price weekly chart (finviz.com)
The short interest of commercial hedgers has been growing up for about 6 weeks, pointing out that precious metal insiders don't believe in a large move to the upside, or at least not before another correction.
I wrote 1 month ago that the short interest of commercial hedgers in silver was close to an all-time high. The recent move down in price was steeper for silver than for gold, but the position of commercial hedgers is even more extreme than 1 month ago, showing a renewed bearish sentiment in this category of traders.

Silver Commitment of Traders, weekly chart (finviz.com)
I still stay out of silver after taking some gains in February. I keep positions in physical gold and platinum as an insurance against geopolitical risks.
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 4/28/2017.
Tickers
+Premium -Discount
Annual Fees
% of NAV in... Read more

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