NCM 0.00% $23.35 newcrest mining limited

tomorrow is a new day for ncm and shareholder, page-5

  1. 2,498 Posts.
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    I always believe that the whole gold market is to a degree being manipulated and the gold market is small in comparison to forex or stocks.
    When NCM or gold plunge traders panic and forget history and some important fact and fundamental.

    Why they are panic is simple.....margin, holding too big position.....got carried away with irrational thinking and cant afford to lose any more or following herd.

    GOLD troughout history is always up and I wonder if the long contract holders excercise their positions would there be be enough pyhsical gold to deliver.???

    Those points are enough for me to have a very open minded approach and never dare to write off NCM or GOLD.

    My own feeling is NCM will survive and trive at the end, now I need to make the best of this opportunity and see if big profit can be produced.
    Serious money is hard to make on day to day moves.

    Market will at the end tell the truth as my opinion is worth ZERO.....NIL....but we traders need to believe is something ot make a move.

    Cheers,

 
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