RE:Battle lines are drawnMy 2 cents...well...maybe a penny:
One thing I have found is that the rating agencies have their own agenda.
If after a prolonged slide, just when things start looking up, they issue a negative recommendation,
that can only mean one thing; they want to close their and their client's shorts, and position
themselves, and their clients on the long side, before issuing a positive/buy recommendation.
That also goes in reverse on the long side, when the company's P/E's gets astronomical, and
logic dictates that selling/shorting is prudent, they would issue a new "buy" recommendation.
IMHO, anybody that thinks gold will be in the range of $ 1200 to $ 1400 in 2015, must be
sniffing too much glue; but hey that is only me. In a few years time frame, these prices
will be looked at as buying opprtunity of one's lifetime.
The only fly in the ointment that could derail my bullishness in this company, is if the management, in their infinite wisdom, decided to hedge (like Barrick) at these ridiculously
low prices. I think that the future is bright, and eventually we longs will be rewarded.
And I am very grateful to be able to increse my holdings at these sub-basement prices.
Anyway, that is my take, and I am sticking to it.
Audi.