ABX, GG and NEM all report the last week of July. We could see NUGT down 50% in a single session when they report operating losses, cut dividends, and take writedowns.
LOL im pretty sure its priced in already. Miners are so beat up, everybody knows they wont be making any profits this quarter. Maybe some will post losses but im sure many will still break even.
Agreed. All that is expected and will not surprise anyone. However, guess what may happen if things are not as bad as expected...
Look at what happened to Newcrest Mining when they announced writedowns.
Please post on DUST if you are so confident. We only hire people with a positive attitude.
I am bullish on NUGT until earnings. Then it will collapse 50%.