PMGOLD - Perth Mint Gold ETF

[Garpal Gumnut]

huh?

$50.44 .. up 1.9%

Correction.

Apologies.Decimal point in wrong possie.

1.41% up now. Fallen back a bit.

gg

 

[Sean K]

AUD POG has been extra volatile the past week, as a lot of things have been. At least this has held its overall position around $5K and been mostly in the green. Would much prefer some nice solid bars on this chart one way or the other. Getting whiplash.

PMGOLD probably heading for another ATH today.

When's the music going to stop?

 

[Garpal Gumnut]

PM Gold remember has to deal with the AUD/USD rate as well as the POG.

I believe it has done well to hang around $50.

gg

 

[Dona Ferentes]

PM Gold remember has to deal with the AUD/USD rate as well as the POG.

I believe it has done well to hang around $50.

gg

I think it will be neutral today (hangin' 'roun 50)

• Gold +3.2% to $US3079.93 an ounce
• AUD +3.3% to US61.59

.

 

[Dona Ferentes]

AUD POG has been extra volatile the past week, .... Getting whiplash.
PMGOLD probably heading for another ATH today.

When's the music going to stop?

sizeable drop 3.5 percent this morning

.
risk off? risk on?

 

[Sean K]

sizeable drop 3.5 percent this morning

View attachment 198003
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risk off? risk on?

Yeah, US POG did a backflip overnight. ATH 3500 to 3200. Might have just needed an excuse to correct a bit.

 

[qldfrog]

Yeah, US POG did a backflip overnight. ATH 3500 to 3200. Might have just needed an excuse to correct a bit.

Another 10 to 20% profit in 2 weeks out and now buying again for another round...

 

[Garpal Gumnut]

Perth Mint Gold ETF is a popular way for Australian investors to get exposure directly to gold. It is quoted in $AUD and is 1% per share of the price of gold in $AUD as quoted on sites such as kitco.com. It trades only during ASX opening times so it is difficult to buy on opportunity or sell on retracements in gold.

It rose 1.31% today. It's all time high and other information is in this screenshot and I enclose a 1 yr chart of the stock. it has a bullish pattern.

For newcomers to investing if you had just over $5000 which is about the price of just under 1 oz. of gold to invest in gold you could have bought 100 PMGOLD today for just around that price $5170 if you were the last trade plus brokerage.

gg

 

[Sean K]

Another 10 to 20% profit in 2 weeks out and now buying again for another round...

Gone through some nice consolidation since this time and looks to be breaking up along with US POG on the back of the Iran thing.

 

[Garpal Gumnut]

I was looking at adding some PMGOLD to my SMSF but thought otherwise when I looked again at the chart this afternoon. As @Sean K illustrates above the Perth Mint gold etf is consolidating in the high $51 and low $52 which multiplied by 100 is equivalent to the price of gold POG in $AUD.

Things are coming to a boil between Israel and Iran, with the USA looking at getting more involved with their bunker busting bombs to remove the nuclear bomb threat that is Iran.

I just noticed some divergence on the RSI with price illustrated in the chart enclosed. Gold may be due for a reversal if peace breaks out and it may be possible to buy cheaper should the POG retrace. Then again it may continue it's merry way upwards and onwards towards $USD 4000.

gg

 

[rolly1]

What broker are guys using to buy this? Interactive Brokers has had this on close only position (so no buy orders) because of clearing issues it says. Been like this for months.

 

[Sean K]

What broker are guys using to buy this? Interactive Brokers has had this on close only position (so no buy orders) because of clearing issues it says. Been like this for months.

NAB Iress

 

[Garpal Gumnut]

What broker are guys using to buy this? Interactive Brokers has had this on close only position (so no buy orders) because of clearing issues it says. Been like this for months.

IBKR Interactive Brokers will not allow you as a non American outside the USA to buy or sell gold. It is partly company policy and partly US law to prevent speculation. So I cannot buy XAU.USD in the American market nor PMGOLD on the ASX through IBKR. "Clearing issues" is their bs excuse.

I use Commsec for my SMSF and my own personal account for PMGOLD, the latter has less than the SMSF, the brokerage doesn't bother me but it does some people.

gg

 

[Garpal Gumnut]

The tariff situation generally affects trading in gold and in some quarters there is uncertainty over whether Trump will apply tariffs on gold or gold coins e.g Perth Mint coins.

It is still up in the air because Trump changes his mind so frequently and then backflips.
Crazy times led by a crazy guy.

gg

 

[rolly1]

IBKR Interactive Brokers will not allow you as a non American outside the USA to buy or sell gold. It is partly company policy and partly US law to prevent speculation. So I cannot buy XAU.USD in the American market nor PMGOLD on the ASX through IBKR. "Clearing issues" is their bs excuse.

I use Commsec for my SMSF and my own personal account for PMGOLD, the latter has less than the SMSF, the brokerage doesn't bother me but it does some people.

gg

Yea, I don't think that's it, as it's an ETF listed on the ASX, so it should be tradable. For example I can trade ETPMAG no worries.

 

[Garpal Gumnut]

Yea, I don't think that's it, as it's an ETF listed on the ASX, so it should be tradable. For example I can trade ETPMAG no worries.

Ok. I realise you don't think it is that. That is one thing I am unable to help you with. Your thinking. Been there, done that with IBKR. Give them a call.

gg

 

[rolly1]

Ok. I realise you don't think it is that. That is one thing I am unable to help you with. Your thinking. Been there, done that with IBKR. Give them a call.

gg

Na can't be bothered with the hassle, I just trade GOLD etf instead.

 

[Dona Ferentes]

below $50 ... not that that means anything ..

.
I think tonight any holding loses a 0.15%, or 1 share in 667, as the mechanism for extracting a fee.

Happy to be corrected

 

[Sean K]

below $50 ... not that that means anything ..

View attachment 202716
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I think tonight any holding loses a 0.15%, or 1 share in 667, as the mechanism for extracting a fee.

Happy to be corrected

Not sure how they take the 0.15%. I'll keep an eye on it.

US and AUD POG still in the box in long upward trend. $50 is probably psychologically important. Dropping out of the box would not put a smile on my face.

 

[Dona Ferentes]

Not sure how they take the 0.15%. I'll keep an eye on it.

if you have 667 units it reduces to 666
if you have 1000 units it reduces to 999
if you have 1500 units it reduces to 1498
etc... (i think)

US and AUD POG still in the box in long upward trend. $50 is probably psychologically important. Dropping out of the box would not put a smile on my face.

resurgent AUD has kept a lid on it, of late