ASA News and Press, ASA Gold and Precious Metals Limited From 01/15/21

Gold’s sharp Jobs-Friday plunge was fueled by cascading gold-futures selling by speculators. Their collective upside bets were relatively high heading into that day, with total longs above the gold-futures-selling-overhang threshold. So when gold started selling off overnight w...

Gold gained 25.1% or $381/oz in 2020, its largest annual percentage gain in ten years. Gold stocks also tumbled as investors sought to raise cash for margin calls, redemptions and risk-off positioning. Gold miners' performance outpaced gold for most of the year, despite some conso...

Gold stocks kicked off 2021 with a major upside breakout. The leading gold-stock ETF finally burst decisively above its recent correction’s downtrend resistance and 50-day moving average this week. Gold stocks confirmed that breakout since by holding those high levels despite a...

For the second month in a row, equity CEFs on average posted positive returns, rising 3.78% on a NAV basis for December. While for the ninth month running, fixed income CEFs witnessed returns in the black (+1.89%). Eighteen percent of all CEFs traded at a premium to their NAV, wit...

A new gold-stock upleg sure looks to be underway. The major gold stocks have spent the last several weeks carving a new uptrend, as evident in their leading GDX benchmark. This bullish price action came right after a major gold-stock correction climaxing in a capitulation. That forced...

After 4 1/2 months correcting, gold's setting the stage for its next rally. In 2020, gold set new all-time highs in currencies around the world. The recent minor rise in rates is unlikely to last, as the Fed initiates yield curve control. Gold is bottoming, making this a great...

This gold bull’s latest correction looks to be mature sentimentally and technically. This selloff’s total size and duration at gold’s late-November lows was right in line with its prior correction averages. Gold also fell back under its 200-day moving average, the...

We've seen a resurgence in M&A activity in Q4 for the gold sector, with five deals completed in the past two months alone. However, the average price paid per ounce has continued to dip despite near-record gold prices, with the 4-period moving average for explorers globally fallin...

ASA now offers investors a diversified list of gold/silver exploration and development companies. Selling at a discount of -18% to NAV, now may be a terrific time to add exposure to smaller precious metal miners. Outsized gains vs. the major gold miners may continue during 2021-22...

As vaccines are developed and become available, it is bullish for gold because as the economy comes back, everyone will want to travel, renovate their home, travel and spend, spend,. We see a combination of pent-up demand and a broken supply chain, leading to inflation. Reinforcin...