In our “HOT” stock article today, Michael Gable, Managing Director of Fairmont Equities, explains why any dips for a stock like Australian gold producer Evolution Mining (EVN) should be seen as a buying opportunity.

“The price of gold has cooled off a little these past few weeks,” Michael said.

“However, the overall uptrend is still in place.

“Not only that, but the fundamental reasons for it heading higher are also still in place.

“This means that we can treat any dips as a buying opportunity.

“EVN is one such stock.

“EVN is a $15 billion Australian gold miner, with mines mostly within Australia.

“It’s a low cost, high margin gold producer and is seen as one of the top gold miners in the country.

“From a charting perspective, EVN is a stock that has been trending higher for over a year now.

“The past few weeks, however, has seen it pull back.

“It has fallen back to a major support level near $7.50 and for now it appears to be finding some good buying support.

“EVN is therefore a buy down here and we expect it to continue trending higher again,” Michael said.