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[101001000x]

I have always wondered why CEF and GTU normally hold a premium to gold. Right now CEF is about 7.3% premium and GTU 3.6% premium But GLD is always a discount and has been running about 1.8 to 1.9% discount Would really appreciate if someone can tell me the reasoning behind this Thanks Also does anyone know how low the discounts get on CEF and GTU when we are approaching a low?