one simple fact...this stock is overbought...end of story...SMART and EXPERIENCED investors looking to sell the news
with stagnant gold, all the bugs are buying miners. when gold breaks lower, they'll panic out of all their gold longs including miners. http://traderminute.wordpress.com/2012/08/10/the-coming-trade-on-gold/
good luck to you. most gold stocks are near 5 year lows. some trading at the same level as 15 years ago.
might be overbought but undervalueddont get married to a technical indicator...the Chinese could come in any day and offer $200 per shareAs an investor, I hope that doesnt happen bc in time I think this will go alot higher. But it seems silly to risk penniesfor an overbought pullback and risk getting clobbered by a takeover
$500 is my target. within 3 years.