Alongside last night's reversal in the gold price, the best thing for Newcrest's share price would be for CEO Greg Robinson to keep his trap shut. Every time this clown opens his mouth it's to whinge about the high Aussie dollar, costs of doing business, speculate on what would happen with a gold price below $1400, etc, giving instos a perfect excuse to sell almost on a daily basis. What this halfwit should be pointing to are increasing signals over the last month that the gold price is on the verge of another leg up, i.e. increasing likelihood of global monetary stimulus. US jobs numbers on Friday puts Bernanke's printing presses at the ready. NCM has bottomed. Kudos to all those who bought the dip.
NCM Price at posting:
$24.11 Sentiment: Buy Disclosure: Held