Market Low for 2011
RE: Closed End Mutual Funds
1. I expect to see an April 15th low for gold futures.
2. The stock market high for 2011 will be July 15th - August 1st
3. The 3 year low will be October 21st (although this could change).
With this data, I'll be bidding on closed end mutual funds after the October 21st low. At a 30% discount to NAV, CWF still offers good prospects to the value oriented investor. Don't use margin and stop losses as a market low can catch you by surprise.