NCM
Click for more information
0.00% $23.35 newcrest mining limited

pretty obvious what's going on here ...

  1. siameseparrot
    24,765 Posts.
    clock Created with Sketch.
    18/04/11
    10:41
    Post #: 8281072
    As one of the biggest gold producers in the world, instead of eagerly being bought as the gold price makes new record highs, large hedge funds are now treating NCM as a permanent put option hedge against their long positions in "physical" gold and so NCM is being heavily shorted.

    See what Dan Norcini has to say on this issue in blogs such as "Hedge Fund Ratio Trades Continue to Distort the Value of Mining Shares" at http://traderdannorcini.blogspot.com/2011_04_16_archive.html
    NCM Price at posting: $41.05 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo
right-arrow Created with Sketch.
BOE Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan
right-arrow Created with Sketch.
VMS Venture to sniff out high-grade REE targets at Jupiter project, WA
right-arrow Created with Sketch.
GRX GreenX picks up prospective copper project in Germany
right-arrow Created with Sketch.
NEWS Diggers & Dealers 2024: Kim Beazley ties mining and military together; highlights competition with China in Africa
right-arrow Created with Sketch.
NXG Cost blow-out for Rook I uranium project sees share plummet for NexGen
right-arrow Created with Sketch.
watchlist Created with Sketch. Add NCM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.