NCM newcrest mining limited

Gold now closing in on A$1500oz. Going up by the stairs, not the...

  1. 4,095 Posts.
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    Gold now closing in on A$1500oz. Going up by the stairs, not the lift as it always does. Much safer than lifts which lift stocks, the cables are not very strong. Lifts keep going back down, but the stairs are much safer, here. More production from Cadia/Ridgeway will boost bottom line as cheap gold, and hege funds now reducing their bets on a rising S&P and hedging bets into rising gold. Insurance you might say, Wall St is mighty high. Copper weak though.
    Looks like US$1400 gold and $12 NCM soon.
    Doesnt take much for gold to go to $1400. Check the longer term charts. New factors coming into play but the coloured Indian, Chinese and Wall St balls are starting to line up. Could get a couple in with one shot soon. Or even three.
 
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