At great risk to my life and reputation, I have been on the anti-kook train for the past couple of years, earning scorn and hatred from Tyler’s metal-loving chicken-boners over at ZH. The Slope of Hope has been bearish on miners since Mamie Eisenhower was considered fapable, and I think the slide is going to continue for quite some time.
Here’s one of my shorts, Endeavor Silver, which has already dropped quite a bit. When will it stabilize? I’d say around $3.50, or another 40% drop from here.