Tax selling runs to the 24th of Dec. possibly extending "firesale" prices.

Traps, do you not think the funds have nearly exhausted selling as a consequence of recent redemptions brought on by market chaos? MERs for this year, by any barometer, will be a difficult sell with all markets taking a sizable "haircut!" Seems the MERs add a "shave" to the package!

"Shave" and a "haircut," two bits is becoming a market reality!

No doubt the turnaround, when it comes, will be sudden and violent for gold equities, and may counter-trend tax selling, leaving sellers dead (with a loss and a tax write-off) unless they are "very quick" to replace their positions!

Maybe take a little off the table for Christmas and buy some phy-sicx-al for gifts this season!

RUF