On October 6, 2015, I recommended 3 BUYs for their gold mining exposure. Where do they stand now?
NCM (ASX Newcrest Mining) October 6, 2015 A$14.05 February 22, 2016 A$15.86 for 12.9% gain.
SBM (ASX St Barbara Mining) October 6, 2015 A$1.075 February 22, 2016 A$1.74 for 61.9% gain.
ABX (NYSE Barrick Gold) October 6, 2015 US$7.30 February 22, 2016 US$12.82 for 75.6% gain.
Looks like SBM and ABX outperformed NCM. NCM could be affected by its iron ore production, which saw some lowest prices in recent years.
I would SELL NCM on the back of any increase in gold, HOLD SBM and BUY ABX.
The above are just my opinion. You are encouraged to do your own research.
My disclosure: I own SBM and ABX.
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