Knives are falling on AUY to $15
Yeah, I see it coming.
AUY, Target Price is $24.09,
with good dividends, good time to accumulate while its cheap.
Gold price will surely rise more next year.
Sentiment: Strong Buy
Sorry but I am not looking to buy. Thanks for the sales pitch though.
Love the sense of humor!
Created a brand new ID to post this as well. Hmmmm!
In reality, we will be papering over the "Fiscal Cliff" within the next two months, so prospects for mining companies are very good.
Then, one looks over the oceans at Europe and Japan and hears their plans on keeping their currencies competitive and (sic) relevant through de-valuation...
So I ask? How can gold take a serious hit (25% as implied) in this macro-environment of competitive currency debasement?
1) Think clearly the difference between physical gold and a gold mining company.
2) Technical damage.