Strong fundamentals underpin gold and zinc
Tom Richardson, Senior Analyst at Watermark Funds, believes there is a handful of commodities that remain well supported at current levels, despite the recent strong performance. Specifically, he says the outlook for Gold and Zinc look attractive with good fundamentals underpinning current prices. It’s a different situation in bulk commodities such as iron ore and coal where Richardson says the medium term demand outlook is challenging. One stock he likes the look of is Evolution Mining. The company recently completed a deal with Glencore to treat Gold from the Ernest Henry mine. In this video Richardson explains why he thinks the deal is a good one and why Evolution is a stock he is happy to back.
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