Good Looking Setup

I thought it was clear
The plan was we would share
This feeling just between ourselves
--Shannon

Attractive setup in Central Fund of Canada (CEF). Call it what you want. Reverse head-and-shoulders pattern. Cup-and-handle pattern.

A break above $12.50 validates the bullish action.

This closed end fund currently trades at a 9% discount to net asset value. Conceptually, this is similar to buying gold and silver at close to 10% below the spot price. An attractive proposition in this environ.

position in CEF