NCM 0.00% $23.35 newcrest mining limited

Excited for the future too, long term wise. Short term gold...

  1. 1,502 Posts.
    lightbulb Created with Sketch. 32
    Excited for the future too, long term wise. Short term gold price looks to head lower though, abit risky buying now (if can buy later for cheaper). Current POG is closer to $1380Aud/oz. Would you stand in the herd's way with the US fed behind it.
    Technical wise gold looks fighting a tired battle to hold. fundamental wise the chinese/indian gold market is not improving significantly, Shanghai gold price at discount to LME while Indian import restriction still persist. Once Ukraine settles down, what is there to prop up the price?

    Feels like a good time to take an initial position, not really time to throw the house on NCM yet. DYOR
 
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.