The gold sector rallied strongly yesterday led by Evolution (EVN) +4.3% and Northern Star (NST) +3.4% even while the precious metal hardly moved. This is another pocket on the index which MM believes is cheap presenting excellent risk reward especially if precious metals continue to remain firm.
- For direct gold exposure we are currently long Newcrest (NCM), Evolution Mining (EVN) and St Barbara (SBM) across our portfolios.
MM is long and bullish on the gold sector
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