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0.00% $23.35 newcrest mining limited

News: NCM Newcrest posts FY Net Profit Attributable $872 Mln, page-31

  1. davidtsao15
    539 Posts.
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    22/08/22
    11:28
    Post #: 63245345

    That’s because we are in the rate hike cycle this year. FED has already hiked interest rate by 225 bps and sent USD basket to almost $110.

    Maybe we will see another 3-4 hikes in coming months, but FED won’t/can’t raise interest rate indefinitely. Once they slow down, we will see gold shining again.

    Just enjoy the dividend and wait.

    NCM Price at posting: $18.48 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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