WAF was the best-performing resources & gold stock on Monday, surging +7.8% as the precious metals names came back into favour with a proverbial bang. At MM, we remain bearish on bond yields, which should prove supportive of both gold and its related stocks, but we are conscious that the sectors experienced an average few years even with gold trading at ~1% off its all-time high.
- We can see WAF initially advancing another 15-20% before we see if the sector can truly regain its mojo.
MM is bullish towards WAF short-term
Add To Hit List
