Yes, I agree with all of you and will buy more. I keep seeing the shorts hit another 100 shares as soon as a lower bid comes up, so I'm going to hold off buying until I start seeing the bastages start to cover.
I see that IAG is down nearly as much as NUGT this morning, which is the 3X Gold Mining Bull ETF. This is not natural. Remember, the company has $1,000,000,000.00+ in cash and a $750,000,000.00 line of credit to help it acquire more gold production. They are also predicting a significant increase in production in 2013.
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