We chose to look at GOR this morning because it’s been a standout underperformer so far this year which by definition makes it a prime candidate for a sharp bounce i.e. year-to-date GOR is down -13.7% compared to NCM which has rallied +3.2%. This $1.2bn WA company has recently acquired DGO Gold with no competition but the stock continues to move in an amplified manner to the underlying gold price. We feel this is a great vehicle for trading as opposed to investing in Australian gold stocks but be warned its very capable of plunging ~20% in a month i.e.. the average range of the last 4-months!
MM is neutral GOR
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