That's a hard stock to figure out. The company is going to go bankrupt, things have gotten worse and they cannot compete, but the stock goes much higher this week? Up is down and down is up. The only thing we know for sure is the stock will be pennies per share a couple years out. That's not just an opinion it's a guarantee.
Never could have seen this coming.
We go back to 30.
in my opinion.
Do you think we will hit $30 in the next 12 months on ABX, pessimism is too high here. I hope this isn't another CHGS for us.
Why can't it go up.
Can't believe this drop.
I would add also that GDX has already dropped over 50% this year. This is an insane time to be shorting the miners. I don't see how you think UVXY will rise either. You think Bernanke is going to disappoint people? Not a chance! He's in too deep now. Looking for a solid drop in UVXY tomorrow and I think it prints single digits in 5 weeks.
Vix futures not that low. Gold move lower has been overdone. I look for GDX to be flat the rest of the year and DUST to lose 30%.