Does MM prefer coal over gold as inflation settles?

Hi Jack,

The simple answer is not at this moment in time and although they have moved largely in opposite directions post Covid we believe these two very different sectors should be evaluated on their individual merits i.e. we have purchased/increased our exposure to both sectors over the last month:

• Coal – we are looking for heavyweight Whitehaven Coal (WHC) to trade above its 2022 high over the coming months.
• Gold – we believe the gold sector is “cheap” at the moment but its tracked the $US far more than soaring inflation through 2021/2, we like the risk/reward towards gold stocks but the greenback does look capable of bouncing from the 104 area which in likelihood would weigh on the sector.

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Whitehaven Coal (WHC) v Newcrest Mining (NCM)

LAST UPDATED 16/12/2022 16:30

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chart

Whitehaven Coal (WHC) v Newcrest Mining (NCM)

LAST UPDATED 16/12/2022 16:30