ORLA - ASA Gold and Precious Metals: A Golden Opportunity Lost Its Luster
2024-02-21 09:34:52 ET
Summary
- ASA Gold and Precious Metals provides exposure to difficult-to-access gold miners at a discount.
- The Saba catalyst is no longer a consistent tailwind.
- Although CEF Activism can unlock value, such is unlikely here.
ASA Gold and Precious Metals ( ASA ) has long provided relatively liquid (and discounted) exposure to gold miners. And many large holdings within ASA are difficult or impossible for domestic investors to access individually with any scale. ASA's closed end fund structure allows for large holdings like Emerald Resources Ltd, G Mining Ventures Corp, Endeavor Mining PLC, Predictive Discovery Ltd, Calibre Mining Corp and SSR Mining Inc....
ASA Gold and Precious Metals: A Golden Opportunity Lost Its Luster