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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: orkrious who wrote (66946)7/27/2006 3:25:15 PM
From: ild  Read Replies (1) of 110194
 
@MDG -- trotsky, 13:21:11 07/27/06 Thu
MDG actually got DOWNgraded upon reporting record earnings, record low cash costs, and a new record high in net cash on the balance sheet.
guess WHO did the downgrading? rrriiiiight - CIBC!
CIBC's gold analyst is one the best medium term contrary indicators in the business...few people manage to be so consistently wrong. he has some competition from Prudential, but clearly this man is tops.
if you had listened to him you'd have e.g. sold GG at $6 (split adjusted). and that was at the time not the FIRST downgrade of the stock he had issued!
Prudential has the distinction of urging people to sell NEM at $16, and again at $20, also quite an impressive record.

@pm stocks -- trotsky, 13:04:25 07/27/06 Thu
well, without a doubt today's action looks short term bearish. NEM and AU both reported, and two days ago MDG, and in spite of impressive earnings reports, all these stocks are getting slammed and drag the rest down with them. that this happens on a strong up day for the PoG isn't a good sign at all.
this is one signal, that regardless of what other indicators are saying, one should NEVER ignore. stops are advisable.
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