Trading Tip – Northern Star Resources
The news last Friday that US employment grew at the slowest pace in nearly 6 years put the prospects of June rate rise off the table in the US and put a rocket under the gold price. Our advice to clients 5 weeks ago to get out of Evolution Mining (EVN) for a 37% return and getting into St Barbara (SBM) paid off with SBM now up 23.3% since that recommendation. I now have my sights on Northern Star Resources (NST). We are seeing a textbook trend in NST as it continues to head higher and higher. (VIEW LINK)
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Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
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