RE: RE: EDV and SMF valuation !! - Broke .80 today !!.. Close @ .79 (a new 52 week low as well as an all time low !!)..
- Gold still @ 1378/oz..... EDV was @.84 when Gold hit 1323/oz. !!
- Saw some big asks coming @ the end of day. Looks Like Big Redemption Calls to Mutual Funds/Institutional Funds. (I saw Laurentian starting the slide today)...
- Well... looks like we are in a whole new downward trend now...since we have made a new low and closed @ the new low.
- This knife is most probably not done falling yet.... This is now offically "dead money" and we are in for a long wait. I will not add any more to this till the tide turns. Sitting on my current position @ ACB of $1.20.. It is not fun, but what else to do !!...
- As they say "Patience is a virtue". I bet there's not a whole lot of it left out there !!
GLTA...