NCM newcrest mining limited
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short covering happening today

  1. goldmick
    524 Posts.
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    05/05/11
    13:16
    Post #: 8358280
    Would seem that the intense selling/shorting in NCM has stopped -small short sale numbers the last 2 days. AUD looks heavily overbought and ripe for a short term correction - providing gold can stabilize at these levels and the general equity markets show some green NCM could challenge the $43 level next week.

    The close tomorrow will be interesting.
    NCM Price at posting: $40.42 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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