RMS was one of many gold stocks who bounced yesterday albeit from extremely deflated levels e.g. RMS is already down 20% in 2022 and 75% from its post COVID high, we know picking market bottoms is statistically fraught with danger but the Gold Sector is starting to look extremely attractive from a valuation perspective, we believe “it’s a case of when as opposed to if” it bounces +30%.
- We like RMS and the gold stocks around current levels although we’re cognisant that the downtrend is well and truly entrenched.
MM likes RMS ~60c
Add To Hit List
