Technically.. - The stock is broken. Closed at an all time low ( 10 year chart). The last closing low was 1.29 in 2008 - 2009
- But the price of Gold is higher than what it was in 2008-2009 and EDV is a much more established entity along the production cycle compared to 2008-2009.
- We are getting a beating as with everybody else. When the tide turns, this stock has tremendous value on the upside.
- Gold price is not looking good short term but with EU and North Korea, things can change on a dime for Gold.
- This stock is not suitable for a trade (unless you have the guts to go short based on the current price). As a medium - long term investment (3 - 5 years), this is an ideal option, provided Gold stays around $1600 or higher.
GLTA..