NCM
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0.00% $23.35 newcrest mining limited

completely oversold, page-9

  1. goldmick
    524 Posts.
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    29/02/12
    00:50
    Post #: 9766368
    Staggering durable orders miss in the US tonight - lowest since Jan 2009. Bernanke speaks tomorrow night - the next focus will be on further easing in the US. Ergo gold and silver will continue to shoot higher .

    Quite staggering to think that NCM caould be priced at $33 and change with gold closing in on $1800 with further easing just around the corner. I guess these missed production ounces at Lihir in current quarter will just have to be mined later in the year at gold prices probably several hundred dollars an ounce higher........now wouldn't that be terrible for NCM's bottom line.....

    NCM Price at posting: $33.31 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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