golden eyes: newcrest looks at balancing its c, page-21

Hi Johno247 and Sydney,

This is just my stupid humble opinion.

Gold is now at $898.80, and this time from a F/A view Gold will continue to climb.

I had a look a the 1 year chart between gold and NCM last night, and they are very lookalike.

From a T/A view, Monday (Aus day) no trade, if Gold can stay above at $880 to Tuesday. NCM should open green and climb and close higher on Tuesday, if she does, then given $850 looks like the support of gold, I would say entering at $28~30 for NCM would be safe. However if Gold is $900 on Tuesday, and NCM drops back to $28, I would bail, and find another boat, something isn't right.
She should climb up from here now, from $30 to $33 there is already a good healthy 10% gain, and we have been there a few times already.