| Two Gold Stocks Ready to Play Catch-up |
Saturday, 30 March 2024  | | By Murray Dawes | | Editor, Retirement Trader and Fat Tail Microcaps |
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[3 min read] Dear Reader, The market remains sceptical of the rally in gold. As the gold price heads into record territory, many gold stocks have lagged behind. A few have been running pretty hard, with Australian based Ramelius Resources [ASX:RMS], Westgold Resources [ASX:WGX], and Spartan Resources [ASX:SPR] up between 200–500% over the last year and a half. In the interests of full disclosure, some stocks mentioned in this article and in the Closing Bell video are either owned by me personally or are in the portfolios of my trading services. But the buying hasn’t been widespread and as gold heads higher some of the stocks that have been left behind are starting to look like great value. Stocks with African exposure trade at a discount due to the higher risks involved, but the discount is getting to a point where the risk looks well worth taking. Advertisement: The Road to $1 Million A theoretical timeline for bitcoin reaching millionaire status
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West African Resources [ASX:WAF] is up 81% in the last five months despite the fact there is some pretty serious trouble occurring in Burkino Faso. Perseus Mining [ASX:PRU] is also starting to run after treading water for the past year. It was trading on an EV/FCF (Enterprise value to free cash flow) of under 3x 2025 numbers recently, so no wonder investors are starting to snap it up. In today’s Closing Bell video, I look at two gold stocks that have been lagging behind the action, and ask whether they are about to move higher with the rest of the sector. Regards,
Murray Dawes,
Editor, Retirement Trader and Fat Tail Microcaps Murray Dawes is our resident expert trader and portfolio manager. He is a former Sydney Futures Exchange floor trader who went on to design custom trading systems and strategies for ultra-wealthy clients (including one of Australia’s richest families). Today, his mission is to help ordinary Aussie investors make profitable investments, while expertly managing risk. He uses his proprietary system for his more conversative and longer-term-focused service Retirement Trader…and then applies the same system to the ultra-speculative end of the Australian market in Fat Tail Microcaps (this service is strictly limited and via invitation only). All advice is general advice and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment. |
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