RE:RE:RE:Wow !!gildage wrote: EDV = greater upside?...No kidding! Back of envelope calc.......
Take gold at $2000 (in 2015 most likely)...with EDV all in costs around $1000/oz and EDV pulling in 450,000 ounces that makes $450,000,000 income! MORE THAN $1.00 per share! Put a P/E of 15 on that, and U get a $15 per share...UP THIRTY times in a year or two. I'll hold thanks. The gold bull isn't dead yet - it's just getting off the ground!
Wow !!.... What can I say bud ??.... dream on !!
- When Gold was at 1900, EDV was still below $3.00. I am not sure how you are getting the $15 price tag !!!
- Anyways, back to the "technical horror show", EDV is now back at .53 (right below its 50dma of .54). This stock has no buying interest at the moment, so algos are trading it back and forth based on its techncal resistance level.
- Also, Ironically, EDV got booted out of a couple of indexes last year. Now, the flipside to that is that if Gold starts going up and indexes tracking gold miners start moving higher, EDV will again miss the party to the upside, although it fully participated in the rout to the downside in December 2013.
- I already see it happening in the last couple of days where EDV has barely budged from its .54 level inspite of Gold moving from $1215 to $1247 in the last 2 days. However, SMF, which is still part of the index buying is up nicely at 3.09 from 2.85 in the last couple of days.
As I had mentioned in one of my previous posts, "This Dawg gets no love !!!"
LOL !!