Ann: Becoming a substantial holder for EAR, page-13

I brought up this article simply because I agree with the author in his stock pick in the sector. Size which usually refer to multi-mines is what I picked up from BB's commentary for insto support during the Paulsen days.

I think fair value is another wishy washy term by stock brokers trying to be diplomatic but doesn;t mean much.

A hold recommendation usually means sell it.
A sell recommendation means we won't be getting any more business so what the heck!

The SP did test the all time high recently so that could be what they were referring to as fair value. At the current condition where we see a falling XAUUSD, the AUDUSD falling is coming to cushion the sector. NST trend is still very much up and dips are finding support. I just go by the charts since these clever analysts have already rang their big clients. Unless we have a big sell off in gold, it is slowly heading through the resistance.