Shares of CEF Down 39.8% Since Downtrend Call on Shares
SmarTrend identified a Downtrend for Central Fund of Canada (AMEX:CEF) on December 19th, 2012 at $21.68. In approximately 6 months, Central Fund of Canada has returned 39.79% as of today's recent price of $13.05.
Central Fund of Canada share prices have moved between a 52-week high of $24.20 and the current low of $12.90 and are currently at $13.05 per share. The 200-day and 50-day moving averages have moved 0.9% lower and 1.51% lower over the past week, respectively.
Central Fund of Canada Limited is a closed-end management investment company incorporated in Canada. The Fund's objective is capital appreciation. The Fund invests primarily in long-term holdings of gold and silver bullion. The Fund intends to maintain 90% of its net assets in gold and silver bullion, at least 85% must be in the form of physical bullion holdings.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Central Fund of Canada.
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Keywords: spotlights amex:cef central fund of canada