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Thoughts on EMR

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    Thoughts on EMR

    Hi, With gold prices decreasing, what are your thoughts on EMR? Thanks, Liz.

    Answer

    Hi Liz,

    EMR has been a stellar gold stock over the last 2-years but when the precious metal plunges $US250 in a week a sharp reaction is inevitable. The stock has pulled back on huge volume with 2.1% of the Free Float exchanging hands on Thursday in one block trade. The current downside momentum in gold and related names is hard to argue with but the risk/reward is improving fast.

    • We like EMR back under $3.25.
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    Emerald Resources NL (EMR)
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