NCM newcrest mining limited

**promotion blocked** gold is good site to check future predictions re gold. At...

  1. 707 Posts.
    Kitco gold is good site to check future predictions re gold. At present there is more likehood of a rise next week to $1400 than a nasty fall to a resistance base of $1300. Upward pressure may come from European debt woes.
    My position is to go with low debt, low cost per ounce, up and coming Australian gold miners who can withstand a $1300 price and benifit from a resultant lower $A which is tied to Gold, and coal mining which in Queensland has taken a hammering from floods.
    I have sold my NCM shares but still watch for a bargain price of around $34.
 
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