Text (LE+errata): 2/1. ; Cycling {1}{R}. ; When you cycle ~this~, you may have it deal X damage to target creature, where X is the number of Goblins on the battlefield. [Oracle 2009/07/08]
The target of the ability cannot be a creature with Protection from Creatures, with Protection from Goblins, or with Protection from Red. [D'Angelo 2003/04/10]