Banks started downplaying Energy & Gold- SCAM, DON'T SELL! This is the perfect time to own energy and gold stocks. Rest of July and August will be highly rewarding in both these sectors. So, banks started to down weight both these sectors.
Today Barrick reported good Quarter, but all the news is negative. On BNN, they are showing every minute that Barrick reported below analyst estimates. Who the idiots those analysts are??
BMO downweighted many oil companies today. Other banks will follow, Everyone knows that now no one can stop Gold and Oil prices, and all these stocks will hit new highs. So, only thing banks can do now is to fool retail investors one last time. Why?
Because, with this high interest rate, banks don't like people having lot of cash on hand. Rather they like to loan you and screw you with more interests...
Dont even think of selling any oil and gold/silver stocks. These will be rewarding really high soon. Accumulate more at any possible chance.