Its over priced, with expenses rising and costs skyrocketing on new projects. SELL if you are smart, it is heading back down to reality. Price of gold about to tumble far lower, which will cause this to drop even faster.
Ridiculous comment. Under 7 would be a bargain. Now that Burt is gone, the market has some tolerance... Let me see... what could be causing KGC to tank today?
Could it be gold dropping to Major support at 1680?
Could it be the HUI getting below 480?
I.e. Not company related at all. That said, it looks like 480 will not hold in the HUI, and neither 1680, so I'd see some more selling ahead.
Just look at their projects, costs and price of gold moving forward. Do whatever you like, I see gold dropping back to at least $1550 range and quickly. Kinross will retrace ALL and more of its recent bounce. Long term, sure, gold is going higher, but for next while gold and Kinross head lower. Play it anyway you like. Its a tired rally.EOS