NCM newcrest mining limited

reversal, page-39

  1. 13,192 Posts.
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    yo HGT,,,just so you know,,just starting to go long

    Reason,,market has been smashed now from 4830 to 4600 and bounced nicely,,,,,the move off str8 off the low last week at 4550 to 4600 was reminisant of April when the market went 4175 str8 back up against all expectations

    POG AUD has now moved off the 1320 and is now 1420ish, well above last quarter average.....meaning cashflow should be good this QTR,,,,,,AUD also dropping

    RARE EARTH story,,,NCM has estimated 7PC of Tungsten and alot has been done to date for other earth stories and with NCM having the largest resource outside of China.....the RARE Earth buzz should eventually catch up with NCM

    Euro, now everyones calling for super low, problems,,,etc etc,,,at 142 the previous posts were a reversal if 136 was obtained,,this was achieved and USD has gotten alot stronger,,,,,,,time for a releif bounce in the near term as everyone now is shorting the EURO predicting collapse.

    Traders its time to go long ST IMO
 
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