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Message: cgl.un

Re: cgl.un

in response to by
posted on Nov 26, 2009 02:32PM

Hi Pam, I'm sorry, don't happen to know anything about the fund, but usually the market prices these things in ahead of time, so I would be surprised if there was any significant move based on converting to an ETF. A few years ago I had a position in CEF and it dropped unexpectely (to me), even though gold didn't. Turns out it was trading at a premium to the gold price because there were very few investments like it - then GLD came out, and CEF's premium disappeared (along with some of my money, lol).

Best guess is that you actually are missing something - but I don't know what that could be.

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