Northern Star 432% Gain

Posted on | by Leon Hinde

Northern Star Resources has been in our model portfolio since 2015 and has now been sold for a 432% gain.

The Algo Engine has identified a lower high formation which is enough to remove it from the model for the short term. I expect to see it added back again in 2022.

GOR shifts to the top of the preferred gold holding list, with the momentum structure remaining positive.

The above chart shows the original entry signal from 2015 and the subsequent buy signals, as the 5-year rally developed in NST.

Northern Star – Buy

Posted on | by Leon Hinde

Northern Star Resources is under Algo Engine buy conditions and is our preferred gold exposure.

NST continues to deliver strong results in the June quarter. Group production finished with 450koz at $1460oz, (up 23%), whilst seeing costs come down almost 10%.

We continue to see the twin factors of a strong gold price and cost-saving, (post-merger with SAR), helping to support the share price.