I do think the bearish view on the earnings tomolo has been reflected in recent trading ... most people who tend to think the Glamis deal is too expensive should be out ... Therefore IMO the worst case we're going to see tomolo is to retest the lows on this monday and the best case is we head back to 27 like some others mentioned...
You may want to keep in mind that GG has aleady announced they will be taking a $170 million write off against earnings in Q4 due to Amapari reserves being overstated when that property did not perform up to management projections.
Not a cash cost, but will wham earnings pretty good in Q4.
options expiration is not this friday. It is the 3rd friday of the month. With earnings one week before expiration this month it is hard to figure if we get a nice rise even after earnings just to get slammed back to max pain on expiration or if we get slammed on earnings just to rise up to max pain on expiration. It also is market dependant and if the rebound bargain hunting continues through our earnings on thursday or not. Interesting. IMHO BBBud