This is Headed into the Abyss !!- Gold, most probably, is headed to test its last low of $1180 soon. QE Taper is still on as per FOMC minutes. Goldman has put a "Slam Dunk Sell" call with a target of $1050 for 2014.
- EDV is headed to test the .40 range and will test it's all time low of .415 again. And then most probably, is headed lower in the .30s and finally .20s.
- EDV has a high revolving debt of 300 million which they will not be able to service if Gold goes to $1000. In that case, the debtholder (a major Bank) will take over the assets, which I think has been the "final strategy" all along. No wonder there are so many "Bankers" on the Board !!
- Unfortunately, the shareholders or shall I say the "Bag Holders" will be left with "Shattered Dreams of Dividends paid in Gold" !!