After posting a low on May 9th at $1215.00, Gold touched a high $1270.00 in late NY trade on Friday. Internal momentum indicators are looking constructive for a move back to the April high of $1295.00
For investors looking to profit from a higher gold price, we suggest buying shares of NCM, EVN, or the BetaShare Gold ETF with the symbol: QUA.
We have a medium-term target for NCM at $25.50, $3.00 for EVN and $14.00 for QUA. Newcrest Mining
Evolution Mining
BetaShare Gold ETF