NCM 0.00% $23.35 newcrest mining limited

Unfortunately the price is being managed southwards , and I very...

  1. 524 Posts.
    Unfortunately the price is being managed southwards , and I very much doubt that even a $50+ rise to the spot gold price this evening will have any impact.

    Lots of bot/algo selling - high frequency but generally low volumes - all being done to influence price.

    Short term manipulations can work - longer term the impact of a gold price +$300 and then some over the average price received last year must have some positive impact on the share price.

    Can understand why NCM investors at the moment are all feeling perplexed....
 
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