It looks like someone has a bid in for 50k shares @ .61 ,which is over $30,000. They must be feeling confident with the prospects for kxl! We'll see if it holds. I tend to think that kxl will open higher than .61.
It seems like we can't have it both ways. When there is hope in the economy and the markets go up ,gold goes down. The worse things look,the better gold does!.What's a person to hope for? When the economy is good countries like India are big jewelery buyers,but investors seem to be sellers. Maybe the best compromise sennario is for prices to stabilize over $900/oz in a recovering and growing economy.
As far as kxl is concerned the pog is only one factor.We still have to prove that we have the gold and I hope that proof comes soon!! Rico