NEM made marginal new highs yesterday underpinned by a strong advance by Gold. We believe the risk/reward towards precious metals is now poor, and we are taking profit on our NEM position.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM is selling NEM in the Active Growth Portfolio, taking profit around $187
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