The ASX sector had a very strong day across the board as it benefited from market volatility.
The S&P 500 Index (INX) fell 2.4% yesterday and the ASX All Ordinaries (XJO) fell a more muted 0.85% during trade on Tuesday.
When markets get volatile it usually leads to the gold price going up, which also benefits the ASX gold miners.
Here are some of the shining rises today:
The Evolution Mining Ltd (ASX: EVN) share price went up 7.2%.
The Regis Resources Limited (ASX: RRL) share price grew 6.8%.
The Northern Star Resources Ltd (ASX: NST) share price increased by 4.3%.
The St Barbara Ltd (ASX: SBM) share price went up by 3.4%.
The Saracen Mineral Holdings Limited (ASX: SAR) share price grew by 4.25%.
The Resolute Mining Limited (ASX: RSG) share price rose by 2.7%
The Newcrest Mining Limited (ASX: NCM) share price increased by 1.8%.
Over the long term gold isn’t a good investment, but it does seem to perform inversely well when the share market goes down.
But, I much prefer the idea of owning the rapidly rising ASX shares in the free report below for growth compared to growth shares.
After searching through a market with over 2,000 shares, our lead expert investment analyst has narrowed it down to just 2 of his favourite rapid-growth shares in a FREE report to Rask Media readers.
Over the past five years, these two shares have gone from being 'tiny caps' to being serious contenders for the ASX 200.
Idea #1 is taking on the world, starting with the huge USA market. In a just a few short years the company has snatched market share away from rivals and is on its way to being the market leader.
Idea #2 uses a 'printer and cartridge' type model to get large and established customers: a) using their healthcare industry-leading product, b) paying for it again and again and again... so it's little wonder this company is tipped to grow at a rapid pace in 2019.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.