NCM 0.00% $23.35 newcrest mining limited

market exit, page-11

  1. 5,867 Posts.
    re: all time highs, chart & opinion Being a Goblin you have had your head in the ground for too long.

    The US$500 barrier is a nice big emotive one for the derivative traders to play with, but once broken-whether it be two days or two months, the run to $525 to happen fairly quickly.

    Same thing happens with any of the previous big emotive barriers-$300,$350, $400, etc. Once broken they go for a decent run.

    And having seen the market in action with the physical yesterdai in Dubai (it never stops!) there is a fair bit of momentum out there!!!

    Cheers,TAS

    Cheers,TAS
 
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