The Gold Sector enjoyed a solid Monday with most of the major names gaining between 2% & 4%, a weak $US appears to be have been the catalyst. At MM we do ultimately see the Greenback breaking its 2021 low increasing the tailwind for precious metals but short-term it still feels 50-50 and we’re not convinced the Gold Sector has bottomed yet, especially considering the downtrend over recent months.
MM is looking for NCM to eventually test $30 into 2022
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