It seems everyone here is talking abt Gold. Yes, NCM is a gold miner; and yes, it has retired its hedge book last year so you would expect the price of gold being a main driver of NCM SP. But please do not forget that it is still a stock, which inherit characteristics as for other stocks. And also please keep in mind that the NCM is an OZ company, which means the movement of AUD would be equivalently important. Overnight we have oil up 14%, which is a bullish sign for AUD. And the RBA minutes today also calmed the market down from aggressive interest rate cut expectation.
NCM Price at posting:
$33.03 Sentiment: None Disclosure: Not Held
