NCM 0.63% $25.41 newcrest mining limited

why the strength?

  1. 175 Posts.
    Woke up this morning planning to sell NCM - thinking that it was pretty fully priced at the current levels (minus takeover speculation).

    It has held up today after strong open this morning. I feel the this recent very strength isn't just related to the gold price? - if anything with the hedge book and the AUD - NCM should be a bit weaker today (rather than gaining)?

    Anyone got any feelings on the topic?, maybe were just seeing the last run of an upward cycle ...

    What major houses have been buying?
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