Buy GDX now and wait for XLE, or equivalent to tank. Energy will sell off big with the rest of the market when the usual suckers learn the economic recovery was/is a myth.
Stay away from this pig.
Either that or the NAV will continue to drop until below stock price. More likely.
If you truly believed your last sentence you'd be buying back in with both hands. GDX rose today by 1.3% and energy sector ETF's were down maybe .3% and GGN still managed to fall by .22%. Gabelli is a shyster.
And a well regarded metals manipulator like Chase speaks, all the #$%$ listen.
This thing is trash. The only guy making money here is Gabelli and his cohorts.