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0.00% $23.35 newcrest mining limited

Forgot to mention another "obvious" statement.Supply/demand wise...

  1. kray
    1,491 Posts.
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    23/05/13
    10:26
    Post #: 11799063
    Forgot to mention another "obvious" statement.

    Supply/demand wise if POG falls further, alot of supply will dissappear due to high cost producer falling off. Demand for gold is very elastic for price (consumer demand), investment demand is the inelastic one.

    Not going to use the term inevitable price rise from here, but you get the idea.
    NCM Price at posting: $14.43 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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