NCM 0.00% $23.35 newcrest mining limited

Yet another red day for NCM..... I can see the XAU/USD chart has...

  1. 115 Posts.
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    Yet another red day for NCM.....

    I can see the XAU/USD chart has copped it the last couple of sessions but the XAU/AUD cross has been relatively flat.

    https://www.bloomberg.com/quote/XAUUSD:CUR


    https://www.bloomberg.com/quote/XAUAUD:CUR


    You’d think NCM share price would enjoy and AUD/USD drop… but the market seems more interested in the Trump rally or flight to USD.

    I’d love to see a NCM bounce…

    I only got on board NCM to be exposed to the Gold Price. I felt the Trump rally would lose some steam or volatility would increase in all markets with his chest beating.

    Unfortunately I have been wrong.
 
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