NCM 0.00% $23.35 newcrest mining limited

time to get in or out, page-10

  1. 13,085 Posts.
    lightbulb Created with Sketch. 2732
    Hi everybody

    Well well,,i got luck in 2011,,market rallying and now that the hype of euro debt crisis is over,,gold should fall now........euro bond auctions which were supposed to be a failure were over subscribed in a big way so we cant have a market rally and super gold fear at the same time i dont think..

    reports from usa show leverage is higher for hedge funds than before lehman,,,this shows the qe cheap money is being bet left and right and with rising interest rates in many countries and even dividends schedued to come back,,the case for gold in the short term is negative...inflation figures also out are in uk are also low at this time,,,jobs are not collapsing,,double dip gone,,north korea and all out war story is over,,,so why buy gold,,,,,,ETF's will be the drive down imo

    I also notice alot of broker have quietly been upping their lvr on ncm and many other stocks inviting leverage which will result in massive swings....with another new low today and new low in trade other margin calls are expected and i am not evisaging any heros simply stepping in each day to push the shorts..

    there was also massive gains on the close in the move above 36 to 3725 and over 38 in AUG,,lets see if the long hedge funds have the capital and conviction to hold...or if they have already gone.....

    short term target a test of 36,,,,
 
watchlist Created with Sketch. Add NCM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.