We’ve chosen gold producer NST as a candidate for the embattled gold sector but it could have been a number of different names. MM believes the sectors cheap and will enjoy a sold bid tone into Christmas if the $US fails to appreciate through the current 94 area – one MM’s core views at this stage.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM is bullish NST looking for 20-25% upside
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