GFI is an optimal pick when it comes to gold miners. The valuation is very good, and growth exhibited by the company this year exciting. The situation in South Africa has scared investors away, but I believe it will be a very interesting trend going forward. At the same time, this play serves as a risk off bet, which is welcome in the current enviroment. We are long with a 10% position from 14.09 as of today's open.Best of luck if joining me on this trade. The monthly trend is potentially up, and there is a chance to confirm a rally to considerable heights by the end of the month.
Cheers,
Ivan Labrie.
Note
Great trend, and it gave many pullbacks to add, or to trade around it.Note
GFI bottomed after a retracement, should move big next.
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linktr.ee/ivanlabrie
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.