This spring, the markets were in full panic mode and the mining stocks were at their bottom. Chinese overcapacities, decline in global demand, balance sheets with too much debt, all the arguments were good for the banks to recommend to their clients to sell their shares in this sector. Six months later, what is the situation? Glencore shares have tripled in value, Anglo American shares have nearly quadrupled ... Needless to add more. Significant opportunities were there for those who had the courage to buy. Today, the banking sector in Europe is full of such opportunities. Shares such as Unicredit or Deutsche Bank could double from current levels and remain cheap. In six months, those who sell these shares could be biting the fingers ...
This is not a recommendation but just our opinion. Please consult with your financial advisor before investing!