I think there's a short interest group that positioned themeselves to profit from a take down launced with the release of todays new's. The news was really pretty good from what I can see. The action in Ecuador keeps interest in the project, but releases IAG from the operations, where the controlling company might have a better political relationship with the local governments.
I think the manipulators here have run the stops they saw, and it is probably about time to cover, since the news was perhaps not as negative as what they hoped for, but notice how they are trying to #$%$ the longs with some posts here? I've already put one of them on ignore - certaily he is a poor, lost soul.
I can't see any substance to this drop, at least not at this dynamic. I could be wrong about this. Is there someone out there who can provide some fundamentals to justify this kind of a drop?
Yes, I think it is a great opportunity. I've already made several call purchases: short, medium, and long term. IAG's list of positives for the future is, IMO, quite impressive. I think they are a great gold miner, and the POG is going much higher in the very near future.