Market Wrap - Stock pick — NewGold Issuer
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Steven Schultz from Momentum chose NewGold Issuer as his stock pick of the day.
My stock pick this evening is NewGold and I think it is definitely time for investors to takeout a little bit of insurance and it doesn't get better than being gold of course and I think the the two real risks at the moment is the market getting ahead of itself, and you can see it right now in real time happening in the US. A lot of the price gains that we're witnessing is a flood of money coming through from central banks which is almost plastering over some of these is deep-rooted cracks in the economy, the real economy that we feel. So a little bit of safe haven insurance, and even if one is wrong on that thesis, I think all of this flood of money in an economy that's booming is undeniably going to create inflation in which case gold again could be pretty useful in ones portfolio
My stock pick this evening is NewGold and I think it is definitely time for investors to takeout a little bit of insurance and it doesn't get better than being gold of course and I think the the two real risks at the moment is the market getting ahead of itself, and you can see it right now in real time happening in the US. A lot of the price gains that we're witnessing is a flood of money coming through from central banks which is almost plastering over some of these is deep-rooted cracks in the economy, the real economy that we feel. So a little bit of safe haven insurance, and even if one is wrong on that thesis, I think all of this flood of money in an economy that's booming is undeniably going to create inflation in which case gold again could be pretty useful in ones portfolio
