RE:Just too tempting Smart.
Although I confess I haven't sold my hedge ETFs yet. Unfortunately I think there will be another leg down as the FED unleashes yet more interest rate increases. They have one key mandate ( stable prices) that shows no signs of being under control.
Gold will be one of the first to break free IMO as the bottom nears. A lot of gold producers are having to start to worry about rising costs/ inflation and rising AISC. While oil prices will impact all of them, I think the west African producers have a bit of an advantage ( labor etc) EDV seems to be fairing better than some of my other positions in that respect. And of course once the PoG launches ( when QT stops and interest rate increases stop) the margins will explode regardless of higher input costs.
MM