PMGOLD - Perth Mint Gold ETF

[qldfrog]

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

I think you are right

 

[Smurf1976]

When's the music going to stop?

Given the fundamental backdrop of inflation, Gold is something I'm relatively comfortable with as a medium term buy and hold.

Short term the price could do anything but longer term governments are in my view nowhere near done with inflation.

 

[Garpal Gumnut]

Just a quick update on PMGOLD the Perth Mint listed gold product which had an ath just closing on April 22nd 2c shy of $54.

It gapped up this morning and its next target is $52. To get the price of gold in $AUD just multiply its price by 100.

It has had quite a nice run in July with plenty of green. A chart.

gg

 

[Antirnator]

I think I will wait for Gold to crash before buying in

 

[Sean K]

Just a quick update on PMGOLD the Perth Mint listed gold product which had an ath just closing on April 22nd 2c shy of $54.

It gapped up this morning and its next target is $52. To get the price of gold in $AUD just multiply its price by 100.

It has had quite a nice run in July with plenty of green. A chart.

gg

View attachment 204328

It's been consolidating nicely, as with USDPOG. Hopefully it doesn't go as drawn out as 2021-22. But, happy the trend has seemed to clearly be consolidation, jump, consolidation, jump. Still in a gold bull market.

It's run a fair way from the 50dma and 200dma though. Would like that to be a bit tighter. Or, maybe that's why we're calling it a bull market.

 

[Garpal Gumnut]

We haven't seen positive volume like today for nearly 3 months and the price of gold is rising nicely with conviction and momentum. PMGOLD is just $1.30 below it's all time high so I am quietly confident that this will be breached this month.

The only matter at this stage that may cause a reversal in gold would be a head injury to Mr. Trump sufficient to cause a beneficial change in personality without affecting his already diminished decision making.

Onwards and upwards imo.

gg

 

[Casper18]

I'm happy to see PMGOLD powering on, especially today. Its been the star of my portfolio.

 

[Sean K]

I'm happy to see PMGOLD powering on, especially today. Its been the star of my portfolio.

Yes, very nice.

Slightly different chart to USDPOG obviously due to the AUD/USD thing but I would have expected this to be going through ATHs with the breakout. But, not quite yet after that jizzim in April that was a bit strange. Needs a $54.00 close to beat it. Still, looks to have broken through that blue line for now.

 

[Dona Ferentes]

not far from ATH ... a weaker AUD perhaps?

 

[Casper18]

It shot up as soon as the market opened today and it looks like it has broken its record:

 

[Dona Ferentes]

It shot up as soon as the market opened today and it looks like it has broken its record:
View attachment 207586

and , drum roll, $55.00

 

[farmerge]

and , drum roll, $55.00

Is GOLD, is GOOD.

 

[Garpal Gumnut]

PMGOLD is a good way for Australians to get gold exposure.

Uncomplicated apart from it's exposure to the aud/usd exchange rate, and over the long term it can be swings and roundabouts with that depending on when and if one is a buyer or seller.

gg

 

[Casper18]

PMGOLD is a good way for Australians to get gold exposure.

Uncomplicated apart from it's exposure to the aud/usd exchange rate, and over the long term it can be swings and roundabouts with that depending on when and if one is a buyer or seller.

gg

Plus the 0.15% MER is very competitive compared to other gold ETFs.