A higher Beta play on the gold price is RRL, which has rallied since late 2023, and we are targeting ~20% further upside, making entry sub $1.90 very attractive, in our opinion. The stock has been well supported into the sector pullback in 2024 as investors appear to accumulate into dips.
- We like the risk/reward for RRL in the $1.85-1.90 area, which is close at hand – they report on Thursday the 22nd.
MM likes RRL into any weakness
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