NCM 0.00% $23.35 newcrest mining limited

BlackDuck_ZZup posted: "Surprise surprise Gold Comes off yet...

  1. 24,765 Posts.
    BlackDuck_ZZup posted: "Surprise surprise Gold Comes off yet again."

    With all due respect it's a figment of your imagination that the NCM share price is a lead indicator of the direction gold is going to take that night.

    It's purely random.

    NCM just as often declines and gold then rises sharply that night or NCM can just as likely rise and then gold falls that night.

    The fact that the NCM share price is only around 5% higher ($2) than when gold first hit US$1000 back in early 2008 (it's US$1370 now) should make it obvious that NCM share price movements have NOT been lead indicators of the direction gold is going to take that night.
 
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