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Wheaton Precious Metals Corp. (WPM)
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Agnico Eagle Mines Limited (AEM)
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Orla Mining Ltd (OLA)
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Gold Fields Limited American Depositary Shares (GFI)
Q: Orla stock dumped on Friday. I wonder if gold stocks have seem their best growth? I have about 7-8% in gold and wonder if that's too much? Which of these would you sell first. Orla has mad the most money?
5i Research Answer:
We can't provide personalized sector weightings, but considering the economic and rate situation, as well as very high uncertainty, we would be be quite comfortable holding 5% to 15% gold right now. Gold stocks of course are stocks, and can act differently than bullion (generally, gold stocks have higher Beta, both ways, than bullion). If reducing, we would see GFI as the first one to sell of this group.