RE: Agree - time to buy!29 Oct 2020 21:10
Yes, but remember that with each week there is added value to PAF due to the debt pile going down significantly, around 2 million a week.
Even if the gold price stays within it's current range, or goes down a 100$ then PAF is still heading for a 2p or more dividend next year. Applying a yield of 5% means an SP of 40p.. Hold or add under 20p IMO
The recent down trend, although to be expected after such a rise this year I suggest is also down to profit taking. Some of my current portfolio is wretched and it's been tempting to use PAF profits to ease the losses.
Lockdown two, the election, QE and more QE, world troubles and tensions, surely the gold price will go for another shift upwards.
Cheers and GL