NST fell -3.2% on Wednesday, which was an overall tough session for the gold sector, although NST is still up year-to-date, unlike many of its peers. The stock posted fresh 3-year highs earlier this month but has subsequently declined 8% over the last 3-weeks, another example where not being afraid to take a profit will often add alpha/performance to a portfolio through 2024, i.e. in this case, potentially trim into spikes and buy into dips as it already swung in 10-15% range on two occasions this year and its only mid-March.
- We like the Gold Sector through 2024/5, but we envisage it will be a three-forward, two-back style journey.
MM is neutral on NST short-term
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