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Miners decline as JPMorgan downgrades sector and silver prices slide from eight-year high

image 306Strategists at JPMorgan JPM, +0.74% “tactically” downgraded the Europe, Middle East, and Africa mining sector to neutral from overweight, viewing it as “short term profit-taking as miners could continue to benefit if reflation takes hold, if U.S.$ weakens further and have resilient balance sheets.”


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