Skip to Content
scroll

Northern Star Resources (NST) $13.12

MM is holding a significant 8% exposure to gold stocks in our MM Active Growth Portfolio through 5% in NST 5% and 3% in Evolution Mining (EVN). Considering our neutral outlook towards bond yields in 1H, we can see gold stocks treading water for much of 2024; hence, it’s a logical time to consider reducing this very bullish positioning. However, we are bullish in the medium term; hence, it’s a classic case of selling strength, but be prepared to buy weakness.

  • We are considering trimming our NST position above $14 or EVN if it outperforms over the coming weeks.
NST
MM remains long and bullish towards gold stocks medium term
Add To Hit List
chart
image description
Northern Star Resources (NST)
image description

Relevant suggested news and content from the site

Back to top