ELD IS GOING LOWERRead the writing on the wall, stock market is just coming out of one of the most crushing Octobers in recent memory - October is always rough. Sector wide sell off seems to be abating and the snap back may be upon us - but no one knows for sure - either way with the last 30 day risk off trade, gold garnered some strength but ELD did not participate. But to be fair, many gold companies did not. So now after the blood bath we set up for a strong fall rally into Christmas, I believe gold will lose what ever shine it recently enjoyed. The FED will resume it`s tightening of monetary policy, the American dollar will continue to strengthen, Donald Trump will announce that the Federal government is taking a serious look at the decriminalization of the mj. sector to ensure a strong supporter base for a second term. Not sure who the leaders will be, China slowing so oil and materials remain questionable, my bet is health care and the banks - maybe technology gets a bounce. But within health care the mj sector will lead...but gold will be below $1000 next year, ELD will continue to slide - settling around 50 cents - then they will reverse split to maintain there listing obligations...but as the FED deleverages and restocks it`s ammo for the next recession - gold will suffer. I will not be re-entering here, in fact I feel nothing but good about selling way back when. ELD is going lower - so sad. I`m not a shorter - just a realist.