seems GTU deviates from the its NAV quite a lot and quite often (large premium changes)
I checked today's valuation,
based on the new york spot price at 5:00pm ($1506/oz), the GTU is trading with a discount of 0.65%
https://spreadsheets.google.com/spreads ... true&gid=0
however, on the fund's website, the nav is calculated with london fix price $1489.50/oz, therefore the GTU is trading at a premium of 0.5%.
how likely is there a big price difference between the london and NY? I wonder if that's part of the reason of the high variability.
GTU valuation
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guineapig
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escafandro
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Re: GTU valuation
Recently I move from CEF to GTU, but I'am a bit confused for how this this fund is moved:
Yesterday gold price is up but GTU down. Today gold down but GTU up.
What I missing here?
I have too a litle of IAU for rebalance purposes and this ETF moves correlated to the gold price yesterday and today.
Yesterday gold price is up but GTU down. Today gold down but GTU up.
What I missing here?
I have too a litle of IAU for rebalance purposes and this ETF moves correlated to the gold price yesterday and today.
Re: GTU valuation
The premium fluctuates, but I would rather buy it when the premium is near zero (as it is now) than when it was closer to 10%.
Last edited by MediumTex on Fri May 13, 2011 7:44 pm, edited 1 time in total.
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