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Various Gold stocks

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    Various Gold stocks

    Hi James,

    since switching to MM I have had some really great trades, so a big thumbs up to you Guys. (HUB alone almost filled my monthly income target). I prefer trading for income, but I do sit on a couple of Growth and / or Emerging Companies---PDN a good example of the latter. My question relates to Gold stocks. I have been holding a number since pre MM days, and I’m now wondering if I should just unload them and put the proceeds to better use. Gold itself seems to be struggling. I hold, EVN; NCM; NST; RMS; RRL; RSG. and only NST is slightly in the black and the others are various shades of red. Your opinion on these as a group, or individually, would be very much appreciated please.

    Thanks again, Mick O’

    Answer

    Hi Mick,

    We really appreciate the vote of confidence, I’m actually going to cover HUB next week in a podcast with our Analyst on the stock.  With regard to your question on gold stocks for us the answer is it comes down to timeframe and of course the $US which is currently driving the price of precious metals:

    • We are bullish the $US for the coming weeks / months which implies gold and the sector will be under pressure.
    • However medium term we are still bearish the $US which is bullish gold.

    Hence for long-term holders we see no problem continuing to hold Gold, we think it will be higher in say 6-12 months’ time  but the short term the picture looks average.

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    The $US Index
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