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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.
MM remains long and bullish towards gold stocks medium term
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Northern Star Resources (NST)
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