NCM 0.00% $23.35 newcrest mining limited

$36 next stop time for short seller bbq, page-107

  1. 8,028 Posts.
    Hi CK and Sydneyguy,

    But what I don't understand is, since 2003 Gold has been on an uptrend, base on mainly inflation problem, but now we are seeing a global recession, inflation is at all time low. Why there was such a big drop for gold in Oct? I understand that it was because the USD gain, so gold price drop in Oct. Now, this time around what they are saying is "fear" of money worth nothing and therefore Gold rise. The thing is, if there is a rebound for the stock, stock will rebound hard, and therefore gold may drop hard as well. War in middle east drove Gold higher recently, but now there is no war(apart from the yanks are stirring up the North Korea), I can understand that, but now, if Obama's package gets through, I still think, stocks will rebound. There are two side of people at the moment, one thinks if the "rescue package" works, stocks rebound gold drops, and the others think, "rescue package" fails, more debt, money worth less, gold surge. I am so confuse! Gold is at a level if she falls, she will fall hard. Just like anything, when Rio/WPL, falls they fall hard. On Monday Gold will jump, but NCM is still a stock, and the stock market is still in a down trend.



 
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