NCM 8.04% $26.30 newcrest mining limited

any targets on the downside, page-5

  1. 165 Posts.
    Arthidas, I too share your beliefs of a gold bear in the next 18 months, however, markets do have countertrend rallies.

    For example, went short NCM at 7.20 and covered at 6.00. Last week went long between 5.95 and 6.38. At present no position.

    News over the weekend should drive the Gold price down. It seems to negate the reversal on late Friday in the US. But we must be alert to a reversal either way.

    Last week a $12 rally pushed some gold stocks up by 10-15%, which provides opportunity for those who traded in and out, eg. CRS bounced for those quick enough.

    The market tells us if we are correct, either, ST, MT or LT.

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