FNV would lead the gold stock sector
FNV has been bullish since I bought it (and GOLD, on which I already took the profit) on the sector wipe out a month ago. I bought it for no chart based reason other than it was getting killed and it’s a good company with fairly diversified royalties.
So the position is nicely profitable but it’s at a crucial point here at the channel top and below the SMA 200. If the post-February bull fest keeps up we might view it as a cream of the crop leader showing the way. If it does not and instead gets limited at those markers well, not so much. But so far so good.
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