NCM 0.00% $23.35 newcrest mining limited

stalemate, page-2

  1. 524 Posts.
    Bears / Shorts were desperate yesterday to engineer a close below $40.

    Interesting watching copper surge to $4.21 - a rising copper price is cream for NCM - the market hasn't factored this into the NCM share price yet imo.

    I think the short covering will continue - once gold entrenched back over $1400 later this week / early next NCM likely to challenge $42.

    I find it interesting that US based gold stocks and the big 3 SA stocks( HArmony Goldfields ANglo ) havge all been significantly outperforming NCM over that last 30 days - expect this trend to reverse.

    And off topic I am so glad I didn't listen to few folk who were attempting to steer me into MEO...........
 
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