Indeed, you only have to look at the recent panic-downgrades from MacBank back in July to see how little these analysts actually know:
1. about the overall gold market 2. about the companies they are talking about (analysing or reacting ??)
I see the MacBank has reversed a large number of gold stock downgrades now , after missing the first leg of the recent price recovery. They had a sell on PRU at 48c , now trading at 80c !(over 60% higher now !). And a sell on AMX at 12.5c , now 16c (30% higher).... for a few examples.
And they get paid for this ? Makes you wonder about the agenda indeed... the mind wonders about such bad advice and who stands to profit from it...hmmmm...
Thanks to Gunga for the layman's geo-translation of whats going on in Batie. I almost understood it , so you did a good job !
Cheers,
AMX Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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