Author name: Jonathan Tacadena

Jonathan, with over 22 years of experience as an investment advisor, began in Futures in 2001, transitioned to Foreign Exchange, and has focused on Equities for over 15 years. He specializes in using derivatives like options to safeguard share portfolios and create additional income.

Closing Bell

Closing Bell 20th March: Woolworths rallies after no evidence of price gouging. ASX rallies into weekend

The Australian sharemarket is poised to record its strongest weekly gain of the year, with supermarket stocks lifting the ASX on Friday despite persistent global economic uncertainty.

By mid afternoon, the S&P/ASX 200 rose 0.5% or 36.9 points to 7955.8, with the All Ordinaries up 0.4%. Gains across seven of 11 sectors helped the market move higher.

Alpha Recommendations

Alpha Recommendation: Buy Gold Road (GOR)

Gold Road is a mid-tier Australian gold producer and explorer with a Tier 1 mine and exploration projects across Western Australia, South Australia and Queensland covering more than 14,000 square kilometres.

Gold Road owns 50% of the world-class Gruyere gold mine, which was developed in joint venture with Gold Fields Ltd and produced first gold in June 2019.

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