....then I guess you must love it at $4....and you will probably love it even more at $3. Granted my GDX (Market Vectors Gold Miners ETF) isn't doing well either (but at least my GDX Put hedges are winners, and I rolled them down for credit) I'm just glad I'm not still involved with GLDX!
Yup, increased my holdings by 50% yesterday at 4, always maintain a large cash position to take advantage of sharp drops such as these, no one can predict the future all you can do is try and be prepared for any eventuality
I don't think the market pays very much attention to this thinly traded vehicle. It could go down to $2 or up to $9 in a moments notice. At the end of the day it will go as gold goes just like GDX and 99.9% of gold stock out there.