Ramelius Resources Limited is an Australian-based company engaged in the exploration, mine development, production and sale of gold in Australia.
“Ramelius Resources (RMS) is a $1.6 billion Australian gold producer that operates mines in Western Australia,” Michael said.
“We’ve been bullish the past few months on gold and a combination of falling yields, and a falling US dollar should see the price of gold rally from here.
“RMS has been trading very well since the start of the year and once again it’s starting to make a move in response to an improving gold price.
“In mid-September, it made an upside break and rallied towards $1.80 before easing back. “Once again, we can see the stock has consolidated in a corrective manner to sit on top of the old April high.
“The past few days have seen it edge out of this consolidation on improved volume.
“RMS now looks ready to resume the uptrend and current levels are a buying opportunity,” Michael said.
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