BUT AS SOON AS SILVER STARTS TO CLOSE IN ON THE CRITICL $18 LEVEL, BMO TROTS OUT ITS SAME TWO-WEEK OLD SILVER BASH TO SEND IT BACK CLOSER TO $17 - & KILL OFF THE RALLY IN SILVER STOCKS AS WELL WITH A "SELL" REC ON THE LARGEST US PRIMARY SILVER PRODUCER.
"BMO Research is downgrading Coeur Mining to 'underperform" (WITH A "SELL" REC & $4 TARGET) in parallel with the publication of a report titled 'The Reality of US$17.50/oz Silver,' analysts said, adding, "In the report, BMO Research highlights a view that silver will continue to underperform gold over the next 12 months, and that silver miners will need to look increasingly toward grade as a mechanism to reduce unit costs (at the expense of reserve life)." (see YAHOO NEWS for CDE)
BMO IS A $CHILL FOR THE SILVER SHORTS IMHO.
CDE: On the SAME DAY (Oct 8) that BARRON'S published the ORIGINAL BMO SILVER BASH (repeated elsewhere by BMO today, 22 Oct), BARRON'S ALSO published in the SAME publication A BUY REC on COUR (CDE) by Sterne Agee analysts Michael Dudas and Satyadeep Jain, WITH A $10 PRICE TARGET.