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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (60548)5/9/2006 2:40:46 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Date: Tue May 09 2006 14:00
trotsky (when will Wall Street notice us?) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
as we speak, only 42% of all analyst ratings in the gold sector are of the 'buy' variety. this is amazing, to say the least. have any Wall Street analysts looked at a gold or silver chart lately? even if these metals correct, gold miners should book very decent margins - even very high cost producers are doing well here.
however, it's not just gold - in the copper shares, there's similar disdain on display. buy ratings are vastly outnumbered by 'holds' and 'sells' - as absurd as this may sound.

a little extra tidbit: DROOY is now the 6th worst rated stock on the entire stock market - and two of the five that are rated lower are actually in bankruptcy, so it's fair to say that is would be hard to find a stock that is more hated ( but at current gold prices, even with their recently exploded costs, which btw. will come down again as soon as Porgera's pit wall is repaired, they have a margin of nearly $200 per oz. they produce! in other words, they stand to make a lot more money than a great percentage of the stocks that sport better ratings - especially as WS continues to be in love with money-losing tech companies - not to mention its misguided love of allegedly 'safe' big caps that tend to go either nowhere, or down - see MSFT, INTC, DELL, etc,etc. -admittedly DROOY hasn't been going anywhere either, but it sure doesn't deserve this rating. it's currently the by far cheapest mid tier producer stock around, a true value proposition ) .

Date: Tue May 09 2006 11:38
trotsky (these moves) ID#248269:
in the metals are scary - too much and too fast, this isn't healthy imo.