(MENAFN- ProactiveInvestors - UK) Investors should buy gold stocks according to Mackie Research though it does add some caveats to its recommendation.
'While the market in the extreme short-term is favourable to a rising gold price we remain sufficiently wary of false starts and interim rallies that have been quarterly in duration particularly given seasonal strength which typically occurs early in the year' said Mackie analyst Barry Allen.
'If we had to boil down our assessment to a single investment concept it would be to use 'technical indicators (market behaviour) for the short-term and fundamentals for long-term' when making investment decisions.'
Mackie's top overall picks are Wesdome (TSE:WDO) Richmont (TSE:RIC) and Alamos (TSE:AGI) and says its deep overall picks are Primero (TSE:P) Teranga (TSE:TGZ) and Eldorado (TSE:ELD).
Klondex Mining (TSE:KDX) was named among the preferred defensive plays alongside Lake Shore Gold (TSE:LSG) and Richmont (TSE:RIC).
Share Facebook if (typeof urlShortener == 'undefined') { var urlShortener = { generate: function(){ $.get('/swift/tinyUrl?url=http%3A%2F%2Fwww.proactiveinvestors.co.uk%2Fcompanies%2Fnews%2F122348%2Fmackie-says-buy-some-gold-stocks-122348.html' function( url ) { $('.twitter.tweet').attr('onclick' 'popUp = window.open(\'https://twitter.com/intent/tweet?url=' + url + '&text=%23WDO+Mackie+says+buy+%28some%29+gold+stocks&via=proactive_uk\' \'popupwindow\' \'scrollbars=yeswidth=800height=400\');popUp.focus();return false'); }); } } urlShortener.generate(); } Twitter
Google+ LinkedIn Email Print Download PDF version