BLL has been trending up steadily for literally decades, breaking new all-time highs on a regular basis. Currently it just went through a period of consolidation, then broke out above & made it's latest all-time high. Helped by this is the news that Karina Funk of the $1.1 billion Brown Growth Fund is behind it.
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Check out the BLL Weekly chart, too -- for the last 21 years, BLL has been steadily climbing upward, doubling in value every 4 years or so, and dealing with market crashes far better than the great majority of stocks.