dear Rhinoz, NCM is holding up really well. Overlay NCM on a chart of spot gold in AUD and you will see that last time sptgld/AUDUSD was at this level NCM was trading around $25.
Sptgold/AUDUSD peaked in Feb aound $1520/oz this was when the AUD/USD had fallen to about 62c and gold in USD was trading at $990/oz. spot gold in USD is now at $942.30 and the AUD/USD is 82.98. Spot gold in AUD/USD is about $1140 oz.
so given all of the above i think you can say that the currency is impacting NCM.
Hope this helps
- Forums
- ASX - By Stock
- NCM
- what will it take - go up!
what will it take - go up!, page-6
-
- There are more pages in this discussion • 109 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)