RRL surged +12.7% as gold came back into vogue with a flurry although we shouldn’t forget how far it has fallen post-Covid as interest rates surged higher. However, we feel as the $US loses its mojo this under-owned and cheap pocket of the market is set to advance strongly and from a risk-reward perspective RRL, and the gold sector in general, looks great.
- We can see around a 40% upside rally for RRL.
MM is bullish RRL
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