Buy Newcrest Mining (NCM)
With volatility likely to stay, $A gold prices should do well through a combination of a rise in the gold price and a fall in the $A. Currently, NCM trades at a discount to its peers but as production turns around at Cadia, this gap should close. Newcrest Mining has tier 1 long life assets and is a top 10 producer of gold globally. The Red Chris purchase adds more strength to the growth assets that it holds. This company is still inexpensive and in times of volatility looks like an easy add to a portfolio.
Sell Sydney Airports (SYD)