CSTrading

KL is a buy: Gold miners may prepare for a rally

Long
NYSE:KL   None
Kirkland Lake Gold is a decent buy opportunity. The company produces gold from mines in Canada and Australia.
It has a correlation with Gold (which will benefit from any rise of volatility) but has strong fundamentals, which keeps it steady when Gold declines.
From my perspective, it can renew historical highs even if Gold consolidates.
A decent buy opportunity.

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