"looks like silver is going below $20/ounce soon. "
When are you going to stop your ridiculous rantings about the price of silver? It really makes you look like an idiot. Silver finished 2011 at a price of $28.18. Silver finished 2012 at a price of $29.95. That's above where it finished 2011. Silver is currently $30.88. Again, that's above where it finished 2012.
Your predictions are just plain stupid. But they are entertaining.
I have silver down to 30.50 right now. You are making a huge call saying its going to under 20 soon. But even if you are right that silver drops 33%, How does that put GORO out of business? I see that silver is about 70% of their metals sold. So I understand it would affect their net income. But they have no debt that they could default on. So, couldn't they simply absorb the drop in price of their sales?
Honest questions. Not a basher or a pumper or whatever.
And, please, Amadeus's of the world and Natasha's please don't try to use my questions for bashing personally and so on.