gNnairdA

miners are undervalued

לונג
TSX:KL   None
I believe miners are selling at a discount right now relative to the movements of gold prices as we compare the april highs we can see gold is currently trading 12% higher while we see KL selling lower at that time period. We can see some bullish divergence and a large gap to fill made from the vaccine news, which I believe was an overreaction from the market, which created an even larger divergence from this miner and gold prices. even if gold moves side ways I believe this miner should move up as the market readjusts for this inefficiency so the RR for this miner is much more appealing than gold atm.

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