Monsters of Rock: IG's top two miners to watch this week

stockhead.com.au
3 min read
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Whitehaven Coal and Northern Star Resources are two large cap miners worth keeping an eye on in the week ahead, according to IG Markets.
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Whitehaven Coal (ASX:WHC) and Northern Star Resources (ASX:NST) are two large cap miners worth keeping an eye on in the week ahead, according to trading platform IG Markets.

Despite general concerns about global growth and subsequent drop in global bond yields, gold prices fell throughout last week.

The drop in the value of the yellow metal weighed on Aussie gold miners like Northern Star.

Northern Star's share prices fell to two-year lows as investors reduced exposure to gold-mining stocks, to close below what was price support at roughly $8.80 per share.

"The technicals look quite poor for the stock now, with the trend and price momentum skewed to the downside," IG analyst Kyle Rodda says.

"The next major level of long-term price support looks to currently sit at around $7.65 per share."

The stock was down another 1.15% in Monday trade.

At the other end of the…
Reuben Adams
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