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Gold stocks have been battered

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Gold stocks have been battered

Hi MM Team - question with the drop in gold stocks over the last couple of days, is it time to pull the trigger on RRL or EVN or even Newcrest for a short / medium term trading opportunity, similar to what you have been suggesting for ZIP? Regards, Beverly

Answer

Hi Beverly,

We believe the answer is a simple yes but MM already holds 5% of our Flagship Growth Portfolio in Newcrest Mining hence prudent money management dictates we sit on our hands. From  a risk / reward perspective I particularly like Regis Resources (RRL) under $3.

 

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Regis Resources (RRL)
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