NCM
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0.00% $23.35 newcrest mining limited

XAUAUDGold priced in AUD$ dont look that spectacular either, so...

  1. Nouf
    178 Posts.
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    30/09/13
    14:55
    Post #: 12388825
    XAUAUD

    Gold priced in AUD$ dont look that spectacular either, so fits in with my bias that Gold in US$ will see more downside towards $1150 over the coming months, and take with it Gold stocks in the $HUI, so not a great sign IMO for Gold stocks in Australian markets. so aligns nicely with NCM to move lower

    This has not even bounced 50% of the prior decline



    NCM Price at posting: $11.68 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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