Sprott Physical Gold and Silver Trust Unit (:CEF)

There are currently no videos for this stock.
To request coverage of this stock, please click the green request video box on the right.
Bands Volume 200 SMA 50 SMA 20 SMA Videos Alerts Articles Events
CEF Weekly Chart

Old Forum Content for CEF

Make a Forum Post
Become a member to view recent forum posts. Already a member? Sign in here.
Loading...
  • gt: @Lou $GOLD $GLD this article is from 2017. i don't know if GLD is backed by physical now. i welcome clarification. https://www.forbes.com/sites/oliviergarret/2017/03/22/gld-vs-physical-gold-which-is-the-better-investment-now/#63214c352a0b $CEF this article is more current--the sprott ETF $CEF has fully allocated physical. https://www.sprott.com/investment-strategies/physical-bullion-trusts/cef# neither $GLD/ $CEF or any other proxy are a replacement for holding the physical. royalty stocks such as $RGLD, $OR, $FNV avoid the risks associated with miners and explorers. if you find the right miner/explorer, there's huge reward, and with that opportunity comes great.... risk.
  • Lou: @gt $GOLD $GLD $CEF $RGLD $OR $FNV #63214c352a0b - thanks for your reply. I am a great fan of the physical stuff, but $GLD and the other proxies you name are a decent substitute and I do trust the integrity of the storage. The Forbes article is from a scare monger - other more nuanced write-ups do point out the differences. For "buy and hold" I prefer the stability of GLD to the miners, though they may be better trading vehicles.
  • spmeyers: @scottto_2 $AEM $AGI $AU $BE $BILL $CCH $CEF $CLX $DG $DOCU $DOYU $DPZ $DRD $EA $FIVN $FNV $GFI $GRUB $HUYA $KR $NLS $NOMD $NTES $OCFT $OKTA $PDD $PFSI $PVG $RGLD $SAND $SCPL $SERV $SSRM $TCO $TDOC $VAPO $VIRT $VNET $W $ZM I like $DOMO at the 20-day
  • scottto_2: I remain on the hunt for low risk entries. I screened for stocks that, in spite of the overall market flush, had a higher low versus yesterday. A lot of Usual Suspects showed up and a few that maybe we should know about. Anyhow, here they are FWIW (I left out Healthcare, Biotech Dreamers and anything under 5 bucks): $AEM $AGI $AU $BE $BILL $CCH $CEF $CLX $DG $DOCU $DOYU $DPZ $DRD $EA $FIVN $FNV $GFI $GRUB $HUYA $KR $NLS $NOMD $NTES $OCFT $OKTA $PDD $PFSI $PVG $RGLD $SAND $SCPL $SERV $SSRM $TCO $TDOC $VAPO $VIRT $VNET $W $ZM Looks like there are some potential entries here with stops below today's intraday low. Also several are buttressed by significant support at major moving averages, also providing a logical stop for a trade. Happy hunting. Would love to know any ideas that people come up with. Thanks. Scott
  • spmeyers: @scottto_2 $AEM $AGI $AU $BE $BILL $CCH $CEF $CLX $DG $DOCU $DOYU $DPZ $DRD $EA $FIVN $FNV $GFI $GRUB $HUYA $KR $NLS $NOMD $NTES $OCFT $OKTA $PDD $PFSI $PVG $RGLD $SAND $SCPL $SERV $SSRM $TCO $TDOC $VAPO $VIRT $VNET $W $ZM there are a bunch of tech stocks where the 20-day looks like it might offer support (e.g., $LSCC), but I gotta see it before I get in the water.
  • :
  • SierraJW: ...
    1.06% $CEF Central Fund of Ca 10.45 3100
    0.26% $HCHC HC2 Holdings Inc 3.86 100
    Pre-Market Losers
    %Chng Symbol Company Last Volume
    -37.96% $OMED OncoMed Pharmut 10.90 385940
    -15.43% $AXPW Axion Power Intern 0.50 100
    -15.36% $ZINC Horsehead Hldg Crp ...
  • mradams0621: ...
    -0.49% $CEF Central Fund of Ca 10.11 3000
    -0.48% $NG NovaGold Resources 4.17 3000
    -0.35% $CRF Cornerstone Total 16.36 499

  • rknight52: $EDF @jan2138 - thanks for this one. I hadn't looked in the $CEF area when I saw the emerging markets in this recent uptrend. Looks good.
  • jan2138: #yieldhogs: EDF; has declared an .18 monthly distribution, same as last month and same since inception in 2010. This $CEF is currently yielding 11.93% and trading at a 4% discount to NAV.
  • MartySS: $NUGT - That employee really came to work today. I bought $CEF for a possible rebound in precious metals.
  • jan2138: #yieldhogs: EDF; sorry to post business on this wonderful Christmas Eve, but $EDF, the emerging markets $CEF has had a nice 2 day move after a period of consolidation which followed a downtrend. The yield #rhrn is 11.39% for this monthly payer.
  • cmac: $EDF - I'm starting a new #yieldhog position in EDF. 11.9% yield. Payout is monthly, which I like. Selling at 7.5% discount to NAV. I want a little overseas exposure, and am expecting that recent weakness in this $CEF is tax selling related, and overdone. @Jan2138 has made mention of this cef in the past.
  • Iceman: $NUO, #YieldHog, Ohio Tax-Free $CEF - Added a big block of stock at 13.68. This is a year-end tax play. I will be dumping my higher cost long positions at yearend
  • mkridge708: @DAN - 95% long-term "indexing plus a few (including individual equities and $CEF, $BDC, mREIT #yieldhogs)", 5% mad money.
  • snmtraders: Muni's at @jan2138 - I don't think the question is whether the muni $CEF funds you hold own Detroit debt or not. I think all munis will continue to suffer until we see how this requested bankruptcy is handled by the courts, assuming our fearless prez does not insert himself into the equation as he had done with the $GM bondholders. (Not a political statement, merely a point of fact). So, until we see how this is handled, I think the muni's will remain on shaky ground as investments. I am still holding mine, but not happy with myself right now.
  • jan2138: Mark @ CFP: depends on the terms. $OXLC had a Rights offering back in January which many of us took advantage of and did very well. In this case, I probably would not own this $CEF in the first place because it is trading at a 27% premium to NAV. You ...
  • taylor: $NUO, #YieldHogs, Ohio Muni $CEF - Adding substantially to my existing position at a new yearly low: Bought $NUO @ 15.60 Now trading substantially below NAV.
  • taylor: $NUO, #YieldHog, Muni $CEF - adding again to my growing position - Bought $NUO at 15.85
  • taylor: $NUO, #YieldHogs, Muni $CEF - Bought $NUO @ 15.95, doubling up my current position at a new YTD low
  • taylor: $NUO, #YieldHogs, Muni $CEF - added to my $NUO position this morning at 16.30. I'll add more tomorrow.
  • taylor: $NUO, #Yieldhog, Muni $CEF - Bought $NUO @ 16.45, adding to my existing position. I'll continue to add on each nickel price drop until it finally stops falling.
  • jan2138: #yieldhogs:OXLC; this is a $CEF, which I include in my $BDC portfolio, now trading at a discount to NAV. It has had a nice run since the beginning of March. It buys up corporate debt instruments which can be classified as high yield in nature. The ma ...
  • taylor: #YieldHogs Muni $CEF - Bought $NUO @ 16.60, very near the low for the year, adding to an existing position.
  • taylor: $NUO, Muni $CEF - Adding the following Tax free #yieldhog to my portfolio at 16.65. Will build on that if it drops further.
  • 5920investsmart: @rczar Yield Hogs Good morning. Interesting $CEF article from $SA http://preview.tinyurl.com/cn5g8ad
  • jan2138: #yieldhogs: SRV; in the weekend forum, there was discussion about MLP's and K-1's. I, personally, stay away from tickers that involve them because of the tax complications. Another $CEF that invests in MLP's and is focused on the energy sector is SRV. With this, you are invested in K-1 issuers but get a 1099 at the end of the year eliminating the headaches. It pays .225c qtly and has been since 3/2009. The yield currently is 11.30%. I haven't posted much about this in the past because the premium to $NAV has been high. The 52 week average has been 23.52%. Currently, it is 10.5%. I have been long this one since 8/2010 and am a bit underwater. However, the dividends have been coming in like clockwork, and I intend to remain patient. With the premium to $NAV having declined to its current level, I am thinking seriously about adding to it. FWIW.
  • grcjr: ...
    I also track tax free and $CEF (closed end funds) and appreciate the update on all the #Yieldhogs on the SMM web.
  • jan2138: #yieldhogs: OXLC; an interesting development. There will be a Rights Offering to subscribe to up to 2,522,077 shares of common to shareholders as of a record date of 1/18/13. The ex date will be 1/16/13 for those interested in entering or adding shares. The Rights will entitle the shareholder to purchase one new share for each two Rights held. So, if you own 100 shares, you get 100 rights which will enable you to purchase 50 shares at a price of $14.50 per share. The Offering expires on 2/15/13 unless extended. If you subscribe for all shares to which you are entitled, you may subscribe for additional shares if there are any available because the offering is not fully subscribed for by the record date. With the close yesterday @ 15.86, it will be interesting to see what happens between now and the ex date. This is a $CEF and can be researched at www.cefconnect.com. edit:typo
  • dreambby56: GNT--@Dubhe--This is a $CEF, right? What tax implications does it have? Are there extra forms and extra work to do at tax time? The chart does look compelling.
  • Poppy: $ARR @scgaryinv I think I can help with some names, but as to whether any of them are at a buy point...errrrr...don't know. Muni CEF: most muni cefs pay monthly div I'm long $MHI, other names are from @jan2138 list: $VGM VPV $NXZ PMM $CMU Note: $MHI is at new high $BDC [business development companies]: $PSEC MAIN $CEF [closed end funds] :AOD (I'm long this fund - because it's trading at a 6-7% discount to $NAV, it invests in global stocks that are not in the troubled part of Europe, mixed sectors for diversification, 13-14% YLD...etc). Do check out the portfolio in order to understand what you are investing in. I feel this stock is being thrown out with Europe being in a mess. I could be wrong. GL HTH @poppy
  • Casper: $GGN ... @Jan2138. @Dana do you have any gold exposure? I was thinking about adding some $GGN and wondered if you had this in your $CEF portfolio? I have a very small position in $GLD but the #dividend in $GGN is attractive. Any thoughts would be appreciated. @Mike
  • jan2138: ...
    "#yieldhogs: OXLC; this was called to my attention by "@dragonfly", and it looked very interesting. The CEO is @Jonathan Cohen, the same fellow who is CEO of $TICC, a $BDC which I like and have added to recently. OXCL is a $CEF which was started in ...
  • jan2138: #yieldhogs@ OXLC; remember this is a $CEF and as such, information is available @www.cefconnect.com. Interesting fact is that it is trading at a 14% discount to $NAV when the 52 week average has been 12%.
  • grcjr: $STX - this one is not one that I normally follow. Had a couple visitor's this past weekend. He is big into $CEF (closed ended funds) and also looks at low $PEG stocks, kind of like our buzzin dozen. $STX is one we looked at.

    Whether you look at Y ...
  • jan2138: #yieldhogs: FMY; I have been way overweight in the mortgage sector so, I decided to eliminate this $CEF which is mostly invested in mtg. backed securities. The 9.85 yield is not competitive with my other holdings, so it is history. I am currently researching alternative candidates.
  • TradinFun: $CEF @jan2138. Thanks. I'll be interested in your replacement. BTW, how much effect, if any, do you think an approx. 10% dilution of the outstanding shares will have on AGNC?
  • jan2138: #yieldhogs: OXLC; this was called to my attention by "@dragonfly", and it looked very interesting. The CEO is @Jonathan Cohen, the same fellow who is CEO of $TICC, a $BDC which I like and have added to recently. OXCL is a $CEF which was started in early 2011. It currently is trading at a 15% discount to the 17.05 $NAV and is yielding 15.18%. 6 distributions have been paid including a stub amount in 4/2011. Since then, .50, .50,.50, .55 & .55, all from earnings. I entered with 3 purchases, 1 yesterday and 2 today. It is a very thin trader currently so, it is difficult to get a good fill if one is impatient. It is definitely not one that can be traded actively. I am including this in my $BDC portfolio because it is a R.I.C. and invests in corporate debt. If you want more info., it's available on their website.
  • wildfire3d: #yieldhogs diversity - last march @jan2138 mentioned he tracks his hoglets in 8 sectors: BDC's; CEF's; Industrial; Mtg.#Reits; Energy; Preferreds; Tax Free Cef's; Telecom. $BDC (business development ) $CEF (closed end funds). perhaps @jan2138 would be good enough to post his current list, since it has been a while.
  • snmtraders: $VGR - Thanks for the response. since you were speaking about muni CEF's, I assumed $VGR was a muni $CEF, so I typed it into cefconnect.com, and it came up with MZF. If I type an incorrect name in the search function, it will say none found, so I find it odd that it would deliver $MZF on an inquiry for VGR. $VGR manufactures cigarettes, ergo the confusion.
  • ghan74: $GGT - these gold closed end funds are typical of the $CEF that pay out a big #dividend but most of it is retirn of your own money. Your tax statement will show that. Look at a comparison of the price history vs $GDX and you will see. The cefunds price will be dropping each year. Similar funds like $BDJ and BDV do this with regular equities. It fools a lot of people
  • :
  • jan2138: @Wolf: AOD; is a closed end exchange traded fund ( $CEF ) as opposed to what are normally referred to as ETF's which are index ETF's. Yes, I have quite a few of them including AOD.
  • jetace: Winner's Circle - I did a TC2000 scan using the weekly average, sorted for stocks having a positive slope using a 12 day linear regression, these all look like the charts @DAN shows us regularly. Many are in the strong sectors mentioned in the weekend update. Use these as a basis for some homework and good selections at support. $IDCC, KCI, $DTLK, $RGR, SUG, $ATHN, EM, $CEF, $TNH, OCNF, $PSMT, ADLR, $QCOR, SONE, $MITK, $RTIX, $BTH, $MCD, CBOU, $SUSS, $MA Good Hunting
  • davidd: $PHK has one of the largest premiums (share price/ NAV) in the $CEF market segment. PHK's premium has continued to escalate and its stock price is 45.4% above its $NAV as at 7/15/2011# currently at its 52 week average. Its average discount/premium over past 5 years is 25%. On the fundamentals $PHK is over-valued. A majority of its portfolio is currently committed to financial companies with significant holdings in AIG. PHK's has a negative $0.2372 per share undistributed negative net investment income indicating it paid out more than its earned from recurring operations. Counterbalancing the fundamentals is its monthly average annualized distribution of 11.2% which now appears to be generated from recurring earnings. $PHK is personally managed by Bill Gross the founder of PIMCO, he owns approximately 206,600 shares.
  • Hedged: $GGN ~ I own it & don't expect the $CEF GGN to track gold. It makes it's #dividend month after month using #options strategies. If you want to track Gold more closely ~try $GLD, PHYS or other etfs, etns Per Dividendinvestor.com; http://www.dividendinvestor.com/member-quote.php?symbol=GGN Per CEFconnect.com; http://www.cefconnect.com/Details/Summary.aspx?ticker=GGN "The Fund seeks high current income with capital appreciation through investment in equity securities issued by gold and natural resources industries and through utilizing an #options strategy"
  • PorchDog: $CSP - Yield Hog. This $CEF, which trades at a 12% discount to $NAV, continues to inch higher on my #dividend adjusted chart. Current yield is just north of 12% and they distribute monthly. Management hasn't declared the June distribution rate yet, so I would suggest waiting until the announcement (which should be any day now) before starting a position or adding. http://tinyurl.com/4yxzn2m
  • george115: CEF.. @pilotski, go to www.cefconnect.com, this will not only tell you what a $CEF is, but will give you the the specifiscs on every "Closed-End Fund"
  • DragonFly: #yieldhogs - @Dana - I listened to the $CYS conf call and the $CEF said that if interest rates went to 2% in 18 months he would be happy with a .40 div. Seems like a poor thing to say. Do you think that is why the stock has been going down everyday?
  • vscottg: Targets - thanks for the input CallaLilly. I have been managing my own portfolio now for about a year and a half. About 1/3 in funds (regular and $CEF stocks), 1/3 in long term investment stocks and 1/3 in my "short term" trading group. For me "shor ...
  • mepcc1: $HOGS - Two of @Jan2138's hogs went ex-div today providing a possible good entry point - PMM: Tax Free $CEF paying 6.15% = to 10% roughly taxed equivalent and ETJ: Eaton Vance Risk Manged Div. Equity - cef paying approx 13+%.
  • rknight52: GLD/SLV/ -- $CEF -- haven't seen this mentioned, but if you want to have gold and @silver together, then $CEF is a good opportunity. They hold physical bullion for both gold and @silver. It is Central Fund of Canada, trades on the AMEX. I have held this for several months and it has gone up faster than $GLD, gets the benefits of the appreciation in both gold and @silver. Check it out. Richard
  • rknight52: Gold/@Silver -- not trading, but holding $GLD and CEF. Haven't seen anyone mention $CEF in relation to gold/@silver. $CEF is Central Fund of Canada and holds gold AND @silver bullion. It has been on a nice tear due to gold and @silver prices. It has been a good way to hold both without having to hold the individual items. Check it out.
  • mepcc1: italmike: Something you cud do is go the the latest Hog List, classify them into REIT, $CEF, Capital Markets, Telcom, Other - then do your research on each and get a picture of what is available - also Monthly or quarterly #dividend, secondary offering, and, of course, check the charts for entry points - my bet is you'll find something that suits. If you just want to go for another tobacco - $VGR has a better div that $MO and thought it looks overextended on the weekly - seems to me is a a good buy point on the daily chart. Others please correct me if I am wrong.
  • rmillet: AOD; My only fear with this $CEF is the lawsuit that was filed by disgruntled investors after they cut the #dividend. They claimed that the previous #dividend was being falsely maintained at a high level and that management was unable to keep up the ruse. I don't know if it is true or not, but it sounds an alarm, especially since the previous #dividend was so high.
  • sueinvenice: GOLD: Some of you may know Richard @Russell as the grand-daddy of gold bulls. I was reviewing his gold favorites and here they are: $ABX, $NEM, $CLF, $GLD, $SGOL AND GTU (his favorite of the group). they all look good on a technical basis. $CEF looks to be entering a vol #squeeze on the monthly and daily.
  • mepcc1: #Yieldhogs - dcrowley3 - presume you've found the info on the members Home page under High Yielders with a list of some of the ones more frequently mentioned along with a link to @jan2138's article - Into to High Yielding stocks. Also under the Research section is a link to $CEF Connect - Someone once mentioned that using Bloomberg to search these hogs will get you their summary page which then has a link directly to the web site where you can sign up for email newletters etc. Have a great weekend.
  • crank: Yield Hogs: May I ask, what are your favorites in the MPL. $CEF and Reit space ??
  • dwmeredith: GLD. Interesting. $52 billion is huge, but as he shows, it's less than the amounts held by most major central banks. It also a lot less than say, the current market cap of $BP ($69b) or the US Federal budget deficit ($1.4 trillion) or the debt ($13 trillion). He also doesn't mention futures. The CFTC shows an open interest of about 591k contracts (100 oz each). Anyway, it is by far the dominant etf. Another option is the Central fund of Canada $CEF (only $3.5b) but you have to try to get it after one of their non-dilutive to $NAV offerings. Long CEF. Cheers.
  • stigs: @JJS - $AOD IMHO there are a few reasons for his $CEF not 'bouncing' yet. First they stated last Friday that they would only be declaring one month #dividend distributions at a time for the near future due to the year to date decline of 24% in European stocks. Previously they announced three months in a row. Second for most of the past year $AOD has traded a vast premium to its $NAV - y'day it was at a 24% premium. Third, the long term chart indicates that $AOD was at $22 three years ago, and while current levels are therefore very cheap, the possibility of further weakening in Europe, the price falling further to the $NAV level and the potential of a lower #dividend are at least 'yellow flags' to consider.
  • Henry: ...
    Never heard of $NAI, so I explored their site and found another one I never heard of: gata.org. GATA wouldn't think much of your suggestion to buy $CEF as they think the ETF's don't really have all the gold they claim to have. That was probably the ...
  • claudiohbpeg: GOLD/@SILVER >>> $CEF - You can trade this as a normal stock....

    Looks to me like a real god option in the gold & @silver space. It is a closed end fund that owns physical gold and @silver. It is safer than owning companies or coins, pay #dividend ...
  • rknight52: *Market - I agree. Most of the stuff on my shopping list went ballistic on the open and now is drifting down slightly. The best thing today may be just to sit on my hands. It is so tempting to chase after last week, but this won't be the last day of trading. I also am going to wait and see which way things are going through the day today. Cash isn't a bad place to be. It's a position. All that said, I did pick up some $CEF today to augment my GLD.
  • diner: PHYS @budcam You might include $CEF as well. Been around much longer! Good luck
  • diner: $GOLD - @Jververis John Don't know some of the miners you have bought.The big boys play $GLD but at +100 it's hard to get enough bang for the buck. $CEF is much more affordable but sometimes under performs I invest in $GDX GDXJ $SLW CDE $NG GSS and CEF. On Thursday they did perform well but not on Friday except for CEF. perhaps under liquidation for margin calls. I think these will all catch up when gold goes to $1300. @Louise Yamada who I think is extremely perceptive suggests 1300 and then 1500 of course it's a question of when, there could be back and filling in the meantime. I will stay long and add on any serious dips. Good luck
  • judsturm: @DAN, I'm curious about your reference to Elaine Garzarelli. I've seen her on TV a couple of times and she was impressive. She suggested a $CEF on the Nightly Business News that I bought largely because she made me aware of it, and it has been a hugely successful trade. I'm still in it (HNW-a yield hog) and I am still getting a fat #dividend. Anyway, what is your perception of Elaine Garzarelli?
  • DragonFly: Jan: CMU: Thanks Wish I were in 35% Bracket! LOL I need to learn about closed end funds. Like the $CEF site you turned me on to. thanks again @DragonFly
  • brucec: $AOD - @JAN2138 has advised us before that this $CEF trades at a significant premium to the $NAV ($6.64) - and that as a result - there could be a correction that would bring the price more in line with the NAV. So perhaps this is now happening with AOD.
  • jan2138: #yieldhogs:was doing research and ran across a report on a $CEF which looked decent. Looked into it and took an initial position this a.m.. $PIM is currently yielding 10.46 at the current dist. rate. It pays monthly and the dists. come 100% from earnings. Also, they paid a special dist. at year end which enhanced the return for 2009. The dist. has been steady to rising since 2006. It is a bond fund which has had a positive rate of return for the last 10 years. It is trading at a 3% premium to NAV.You can get the details on Putnam's website or at www.cefconnect.com.. It is trading right at support,the 20 day, and seems to be consolidating while the bb's tighten.
  • mepcc1: $CEF - Thanks for ths one.
  • jkatlantic: $CEF connect: wow what a site! thanks so much. JK
  • Iron Condor: $AOD, $AGD Hi Jan, Thanks for the heads up on these CEFs. I looked at the Reports/ Fact sheets. They look like solid yielders but I noticed that they are trading ~ +25,29% premium to $NAV respectively {per $CEF connect.com}. This seems a little rich compared to the other hogs. Any opinions on the valuations? Thanks
  • dcash: BOE- Jan and Yield Hogs- $BOE Blackrock global opportunities equity trust. This $CEF seems to be under a volatility expansion from close to the 50dema after a long period of consolidation. Yield 11.56%. Trading at -2.4% to NAV. Thoughts?
  • MAXCAT: Hi Jan, I'm new to this group, but do you know about www.cefconnect.com? $EXG is a $CEF, and I personally don't think one can analyze or trade CEFs as one would common stocks. $EXG is a buy-write fund, which means you don't have to be too concerned about $ROC, because the #options premiums are booked as $ROC rather than income, but it also means that the fund can top out in an upward trending market because its positions get called away. (This has happened to me.) Another thing, it pays quarterly, so there usually is a big dip down on the ex date. Good to time a purchase a couple of days after that. I've been in CEFs all year; the high-yield bond CEFs have done very very well, but I think the easy money has been made so I'm looking to change strategies now.
  • wrenwhite: Utility fund You might check out UTG. This is a $CEF yielding 7.42. It pays monthly. I bought it back when it was a true yield hog. Thanks @Dana !
  • Tim D: @Jan2138; Another question my friend! I guess this makes me a question Hog, lol. I was looking in Cefconnect and found this $CEF, ETV. I'm sure you have heard of it even though I hadn't. It trades below its' nav, but is really at a tough buy point right now. Its' #dividend is over 12%. The question is, do you consider it when you look at the $QQQX or am I way out in left field? I think it also uses covered calls on the Nasdaq and maybe the S&P 500. The $QQQX trading price is higher than its' nav. Since $ETV trading price is below its' nav, except for the buy point right now, is it a better buy? Thanks for the education, @Tim $D
  • DAN: Fiddler, Happy to have you here. I can't advise you on those specific trades. However, if I were just objectively looking at $GG and $CEF, here's what I'd say:

    1. CEF. Its now falling below the 50-day $MA after bouncing along that same key mov ...
  • JJS: ...
    # $CEF connect# . I realize I have not done enough homework on these hogs and as rates rise, may be overexposed and needing to better figure out my sell strategy.
    Wishing the best of the Holiday Season to you and yours and all the Mentorites, @Dan ...
  • Tim D: @Jan2138; I hope my friend is doing well. I've been looking at cqp all week. I wanted to buy, but I see no conviction in the market up or down. I haven't been able to pull the trigger. It seems back to square one with todays action for the week. It looks like it might be pulling into a consolidation pattern. No problem there. I looked at $CEF connect and like its' possibilities. Thanks again for this wonderful tool. I say all that to ask this. Is it possible at the stock is holding here because the price of oil is tanking. Thanks for your thoughts! @Tim $D
  • Iron Condor: GGN- Yes. I like this one. Gabelli Global Gold fund , that's the "love doctor" @Mario Gabelli of Squawk Box fame. This $CEF appears to have a history of yield and volume and an all time high of ~31+ in summer '08. Yield hog info is worth the price of membership. Thanks once again @Dana "mister yield", @jan2138.
  • stigs: meanstreet - IWA replacement - I have also been looking around for another high yielder and have taken a 25% position in $HIO - its a $CEF that holds a basket of high yielding bonds, yields 11.35% (at close last night), has a mkt cap of $416M, and recently increased the monthly #dividend and trades at a small discount. It goes ex-div on 12/16/09.
  • Medlar: ...
    $CEF * Central Fund of Canada * gapped down
    ERTS * Electronic Arts Inc. * gapped down
    $FOSL * Fossil Inc. * gapped up
    $HMIN * Home Inns & Hotels Management Inc. * gapped up
    $NS * NUSTAR ENERGY $L P * gapped down
    $PCLN * priceline.com Incorporat ...
  • Iron Condor: UTG- yield hog Also a diversification play. A Utilities $CEF that is yielding about twice the $VPU or XLU. Bouncing off the 50sma today. Still yielding almost 9%, at a discount to NAV. Picked up a little today. Trying not to panic. I don't get it, other than liquidity what is the point of running to the $USD for a safe haven? I have a larger position in US cash than I want already.
  • fstern601: @jan2138 - $BDJ or ZDJ - Jan I love your approach to high yielders. Your post on $BDJ (or ZDJ) piqued my curiousity. When I read the description, it says the $CEF holds stocks of diversified high yielders in varying sectors. It does not mention #o ...
  • fstern601: ...
    @jan2138 - $BDJ or ZDJ - Jan I love your approach to high yielders. Your post on $BDJ (or ZDJ) piqued my curiosity. When I read the description, it says the $CEF holds stocks of diversified high yielders in varying sectors. It does not mention #opti ...
  • Rashon29: @JAN2138: Do you use $CEF Connect Fund Screener to find your closed equity funds (CEFs)? If not, what searching tool do you use for your research into CEFs? I assume you use a screening tool before actually moving to the individual company's website and viewing their chart. Thanks for your help!
  • Sizzle: Jan - I was doing some research on a fund mentioned by Sweet Dreams - $ACG - a $CEF that yields 7.73% and sells at a 1.24% discount. By all accounts, it's a fine fund with very solid holdings. Anyway, as my big fingers have a tendency to do, I fat ...
  • jan2138: bogart: can't help you with the #options aspect. BTW, did you see my post re; $UTG on 3/26/09? This is another utility $CEF that is yielding 13%. Walking right along the 50ema after a "V" move.
  • snmtraders: jan123 Would like your take on $FMY a closed end fund that owns a portfolio of Fannie and Freddie MBS, and yields 8.29% I would have thought the Fed announcement would have stimulated more buying. Do you know anything more about this $CEF other than quantumonline's analysis?
  • jan2138: @snmtraders: FMY; not one I have looked at because, for me, yield not generous enough. Trading at about a a 1.67% discount to NAV. Suggest you go to www.ftportfolios.com, go to the $CEF link, put in symbol and there is a pretty decent description of the basics. Looks like a quality portfolio and relatively speaking, performance has not been too bad. Definitely in an uptrend now bumping up against resistance at the 50 day ema. I would put it on the radar screen, if you are interested, and watch for a pullback. With Fed's recent announcements, $FMY could trade sideways for awhile. Distributions have been steady at .11c of late with a little extra at year end so current stated yield should hold based on current price.
  • Russ: ...
    $CEF, a Canadian commodities closed ended mutual fund (but not here, not now)
    $RIO, maybe if it pulled back to support at 12 and reversed with conviction.
    NETL, it's had some appreciable accumulation but it's up against its 200dma
    $PCLN, holding ...
  • jan2138: Income: $UTF, a $CEF which invests in utilities for income. Currently yielding over 10%. A falling knife which hit the block yesterday. I have been waiting for it to hit the 10% + return. It is trading at a 19% + discount to NAV. Quality holdings. Initiated a position today @ 8.77.
  • milt: Staulking secondaries - I've had success in going long when a company sells a secondary. If the demand is great, the stock will hang around the offering price. For example, I did well in the gold space with the offerings from $CEF and $NEM (its either a sign of a top or just another data point on the interest in buying gold related assets.) Just bought a starter position in PAAS. stop loss is below $16. Offering price was $16.50. $PAAS is looking like a good long setup. Now I'm staulking INSU. I'll see how it trades the next couple of days. Offering price is $13 and its holding well above that (for now).
  • milt: ...
    Loved my gold miners, but I sold them way down. Thank you $AEM, $GG, $KGC, $AUY, $SA, $CEF, I'll buy back what I sold sometime in the future. On Monday or Tuesday, I figure gold is going to fly or pullback. If it rips higher, then I should buy the b ...
  • jan2138: Fixed Income: a good example of how one can take advantage of year end selling by individuals who are ill advised to take tax losses irrespective of what the action does to their portfolios and how a buyer can reap significant reward from those actio ...
  • jan2138: Fixed Income: as an example of value, Eaton Vance has a $CEF, a Penna. Tax Exempt Income Fund, $EIP, which at current levels, is yielding tax free of both fed. and for Pa. residents, state income tax, 9 % which, depending on one's tax bracket, grosses up to the 13% taxable equivalent. FWIW, the holdings are insured. For those looking for income, you might check to see what is available that targets your state.
Visit the Trading Forum to join in the discussion.
Stock Price $23.21
Change 3.34%
Volume 967,295

Central Fund of Canada Limited operates as a specialized investment holding company.

Request Video of CEF
Already a member? Sign in here.
Past Month

Leading Peers

Past Month

Lagging Peers

Dan Fitzpatrick

Stock Market Mentor gives you EVERYTHING you need to succeed in the market; all in one place. How easy is that? Dan Fitzpatrick and his elite community of traders share trading ideas, strategies and much more. Dan Fitzpatrick--a world class Technical Analyst, trading coach and regular CNBC contributor--gives you access to all of this with a 30 day trial membership for just $7.77. Get started TODAY and start trading better TOMORROW with the following premium content:

  • Nightly video Strategy Sessions with a game plan for tomorrow
  • Got a stock you want Dan to look at? Just ask.
  • Patent pending video alerts instantly delivered to you when one of Dan’s trading signals is triggered. This is not your typical price alert. This is a short video explaining the action you need to take to make money. No more “Woulda, coulda, shoulda”
  • Access to over 90,400 stock analysis videos
  • Access an ever expanding library (90,400) of educational videos that will save you time and make you money

Join a team of friends and traders that have one thing in common; a burning desire to succeed.

Become a Member Today!

Gain immediate access to all our exclusive articles, features, how-to's, discussion group and much more...

Satisfaction Guaranteed!

Your Stock Market Mentor membership comes with a 30 day, no questions asked, 100% money back guarantee!