NCM newcrest mining limited

spot check team, page-46

  1. 13,193 Posts.
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    not confident the selling had anything to do with ivory coast, that was last week, thought it had more to do with the fact gold finished the week below 1700usd, aud pog continued to fall friday and today and is testing 1600aud,,,,,,all year she rallied in expectation of 1800 being broken and 2000 being supassed, could happen but we are along way off the gold prices baked in during the surge up june july aug sep oct ........

    Ivory coast just goes to show you, as soon as they see a profit, regulation steps in to take it....all around the world, mining tax, carbon tax, capital gains,,,

    fundamental remain weak, weaker,,technicals, short term2408 was tested, failed, rallied well back over on Friday, but support just was not there...

    Still plenty of profits in hand for those that bought long in June
 
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