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Central Gold-Trust (GTU)

- NYSEMKT
  • Sep. 24, 2013, 3:17 PM
    • If you have to own gold, Central Fund of Canada (CEF +0.6%) is the way to go, writes Morningstar's Mike Taggart, who notes it's trading at an 8.3% discount to NAV - more than two standard deviations outside the norm. As CEF holds just gold and silver bullion (55/45 mix), the big discount suggests a great deal of bearish investor sentiment is priced in.
    • "There is no fundamental reason for the share price to have fallen significantly faster than its NAV," writes Taggart, and the fund gets a Bronze Morningstar rating - meaning it's expected to outperform all other funds in the commodity precious metals category over the next five years.
    • Central GoldTrust (GTU -0.6%) also makes the undervalued list.
    • Gold ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI.
    | 6 Comments
  • May 17, 2013, 3:55 PM
    The bear market in gold (GLD, IAU) has left three closed-end funds trading at abnormally large discounts to NAV, says Morningstar's Cara Esser: GTU, CEF, and PHYS. Likewise, a small selloff in municipal (MUB) paper has left these muni CEFs at attractive values: NXR, MYD, NXP.
    | 2 Comments
  • Jun. 16, 2010, 9:00 AM
    Premarket gainers: SMTS +32%. NBIX +20%.
    Losers: CRIS -33%. NOK -9%. UTA -8%. FSC -7%. IRE -5%. RFMD -5%. STM -5%. GTU -4%. BP -4%. CTIC -4%. ALU -4%.
    | Comment!
  • May 6, 2009, 9:00 AM
    Premarket losers: ACAS -25%. GM -18%. GTU -14%. GRMN -11%. ATML -8%. FWLT -6%. SGY -6%. CRH -6%. DHI -5%. NVAX -5%. BCS -4%.
    | Comment!
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Company Description
Central Gold-Trust is a passive, self-governing, single purpose, closed-end trust, with voting Units, that provides the secure holding of gold bullion on behalf of its Unitholders.
Sector: Financial
Country: Canada