Q: It looks like Gold has broken out of $3500 level and Gold equities, rising for 3-4 weeks straight, might be due for a consolidation soon. Do you agree ?
We have a small 1% weight in the sector through AEM and wish to increase our exposure. Have we already missed the boat ?
Would it be worthwhile to wait for a consolidation and or just start adding at current levels.
If you believe, there could be consolidation due in the near term, what levels, you think, AEM could trade ?
Thank You
We have a small 1% weight in the sector through AEM and wish to increase our exposure. Have we already missed the boat ?
Would it be worthwhile to wait for a consolidation and or just start adding at current levels.
If you believe, there could be consolidation due in the near term, what levels, you think, AEM could trade ?
Thank You
5i Research Answer:
Consolidation is 'probably' overdue but it is very difficult to call or time properly. We do not...