It would have been easy for us to have written a whole report on gold this morning, but it would have been very repetitive of recent notes; hence, we have just selected one stock that stood out to MM on Wednesday. Gold and gold stocks continue to look great, typified by NST yesterday as it rallied +4.4%, breaking out to a fresh 4-month high in the process – the tailwind of falling bond yields and a relatively weak $US is gaining momentum.
- We can see NST breaking its 2023 high over the coming months, now 14% away – we are long NST in our Active Growth Portfolio.
MM remains long and bullish NST
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