KL - Kirkland Lake Gold: The Best Time To Buy Is When Blood Is In The Streets
- Kirkland Lake Gold is one of the worst-performing gold stocks this year, after digesting a significant acquisition, which grew the share count by ~30%.
- Unfortunately, the recent news that the company is looking at lower production from Fosterville has put a further dent in bullish sentiment.
- However, high levels of pessimism combined with a very reasonable valuation has created a buying opportunity with Tier-1 ounces rarely staying on sale for long.
- Therefore, I continue to see weakness as a buying opportunity, and I continue to build up a long-term position in the stock.
For further details see:
Kirkland Lake Gold: The Best Time To Buy Is When Blood Is In The Streets