I may not respect the basis of everyone's opinion but I accept their right to have an opinion.
Gold and Silver have been beaten down, this company did turn a profit last quarter and is selling with quite respectable ratios. Come on, let's talk.. What is going to drive this stock to a buck? Could it be that you traded it @ $11 , became an investor @ $8 and now just sold it @ $5?
dabrogg, sorry you got sucked into this troll's net. keepshorting gets satisfaction by the number of people who reply to bombastic claims of various stocks going to $0 or $2. There is rarely any semblance of either fundamentals or technicals offered to support such a statement.
Yes keepshorting makes claims of correct picks, but conveniently leaves out all of the incorrect picks. That's like a gambler who played roulette 100 times betting on red each time then boasting about the 47 times he doubled his money.
I have been short the sector for quite a while. I said ANV was going to $2 when it was trading over $30. I said GORO was going to $0 when it was at $30. I said TRX is going to $0 when it was at $0. I said KGC was going to $2 when it was over $10. I said JAG was going to $0 when it was $8.
My target for the GDX is $15 and 150 for the HUI. I think KGC will hit all time lows if this happens. The all time low is around $1.20 and I see this stock going below that.