Major gold producer NCM has been a disappointment since we went long in August last year, the gold price is only 2% lower since our purchase yet our holding is ~12% underwater. We remain bullish gold targeting fresh multi-year highs and the current plan is when / if this advance ensues MM will be selling our precious metals exposure across all of our portfolios including NCM in our Growth Portfolio.
MM is considering selling NCM 10-15% higher.
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