DJ Macquarie Cautious on Kingsgate, Beadell's Debt -- Market...

DJ Macquarie Cautious on Kingsgate, Beadell's Debt -- Market Talk

23:49 (Dow Jones) Macquarie says investors should be cautious about
Australian gold producers carrying a lot of debt, singling out Kingsgate
Consolidated (KCN.AU) and Beadell Resources (BDR.AU) as two companies with high
costs and gearing. "The rapid decline in gold prices has put the focus back on
cash flow break-even points and balance sheet strength," the broker says,
noting that of most of Australian gold producers have average all-in cash costs
above A$1,000/oz. "With margins in some decline, we remain cautious on gold
producers carrying elevated levels of debt," Macquarie says. The broker's
preferred Australian gold producers are Regis Resources (RRL.AU), Northern Star
Resources (NST.AU), Evolution Mining (EVN.AU) and Saracen Mineral Holdings (
SAR.AU). ([email protected]; @dwinningWSJ)

(END) Dow Jones Newswires

04/11/2014 11:25 - Northern Star Resources ST: below its lower Bollinger band NST.AX

Click here to see our chart:
http://www.tradingcentral.com/chart/NSTAUD141104012327.gif
1.13 is our pivot point.

Our preference: the downside prevails as long as 1.13 is resistance.

Alternative scenario: above 1.13, look for 1.26 and 1.34.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and
below its signal line. The configuration is negative. Moreover, the stock is
trading under both its 20 and 50 day MA (respectively at 1.2 and 1.34).
Finally, Northern Star Resources has penetrated its lower daily Bollinger band
(1.02).