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Buy And Hold Local Gold Shares

Last week’s extreme volatility in global equity markets has been a net positive for the local gold mining names.

After trading as low as $1060.00 in mid-August, Spot Gold reached a 2-month high at $1226.00 last Thursday.

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As illustrated on the chart below, the yellow metal is still down more than 10% over the last 6-months.

However, with last week’s change in the overall risk dynamic of equities, investors may increase their holdings in Gold as a hedge against market uncertainty.

Combined with a weaker Aussie Dollar, we see stable gold prices lifting the shares of the local miners.

Our preferred names in the Gold sector are: NCM, SBM, SAR and EVN.

Spot Gold

Newcrest Mining

Santa Barbara

Saracen

Evolution Mining

Investor Signals Pty Ltd ABN 44 143 555 453 is a Corporate Authorised Representative CAR No. 439411 of Advisor Plus Pty Ltd AFSL 474520
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