10th day on the low with shorts covering ..Relative evaluation compared to pre-strike, ER and post-strike is very cheap now, especially with gold on the rebound - see the economic indices, GM even shuts down another factory.
Each morning they adjust price one penny lower to cover their position, nice - but this will fail or end soon. Needs a price adjustement up towards 50 cents, 50% of RBC's low rating.
Gold ETF re-scheduling should be over this weeks as well, when they will all load up.