I think KRY's drop today had more to do with other segments moving up than with RML's equity deal or negative sentiment. I've seen many times that when the market takes off after a series of big downs there is a syphon of money from specs into majors. KRY is usually more vulnerable to this when it is bogged like it has been. I think consensus is that nothing major (at least on the positive side) will happen until either the RML/GRZ deal is truly over or we reach the 6 month deadline. Unless KRY does nothing, which I am increasingly believing will be the case, we will have some upside. Gold may have played a part since my other major holding in gold is AUY was down huge too.

I do expect another run of bad news to hit before we reach the end of the GRZ/RML or 6 month deadline to try to drive us down into the teens again. Whether it works or not I don't know.

JC's right there are some good opportunities right now but SHORT term as teh market is still selling into every rally. Good luck all.