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Gold Stocks

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Gold Stocks

Hi guys, there was a view early last year that gold stocks were lagging the gold price and thus offered some value, throughout this year gold stocks have followed the gold price price higher and rallied - they've done some nice catch up. NST and EVN up around 50% (depending on when you start). Whats your current view and future outlook on Gold and these stocks? Have they finished their catch up? Thanks for all your excellent commentary. Cheers, Josh

Answer

Hi Josh,

Your correct, its been a great year for gold names with Evolution (EVN) and Northern Star (NST), on Wednesday afternoon, up +18.4% and 21% year-to-date, outperforming the ASX200 but not gold which has soared ~ 24% and 27% in Aussie Dollar terms.

  • We remain long and bullish towards EVN in our Active Growth Portfolio and although we are showing a more than 70% paper profit there are no plans to take profit, until of course we can see gold correcting 10-20% but there are no signs yet.

 

 

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Evolution Mining Ltd (EVN) v Gold ($A/Oz)
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