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clock Created with Sketch. 06/01/17
05:38
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Originally posted by Orwell
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Although I don't normally talk stocks and tips to family, my father told me that he likes gold and is thinking of shifting some super money into Newcrest (NCM). He's pretty uneducated on the market. I am positive on gold for 2017, the big stocks will be first to move if gold goes for a run and the charts look like turning around on the few I've looked at. Haven't been a great fan of NCM in the past although I have traded it before, but as the dominant stock the fundies will buy it for it's liquidity anyway if gold turns up.
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Hi Orwell, at the moment I share your view on Gold and IMO - as a super fund worthy stock - EVN is worth looking into. Over the last Couple of years there have been some acquisitions that shoul significantly increase output and at the same time there has been a lot of cost cutting etc. etc. So, EBITDA is forecast to increase and along with a potentially dropping dollar, it's looking ok.
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