NCM
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0.00% $23.35 newcrest mining limited

what will it take - go up!, page-6

  1. PIPPACAT
    21 Posts.
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    20/08/09
    13:54
    Post #: 5533607
    dear Rhinoz, NCM is holding up really well. Overlay NCM on a chart of spot gold in AUD and you will see that last time sptgld/AUDUSD was at this level NCM was trading around $25.
    Sptgold/AUDUSD peaked in Feb aound $1520/oz this was when the AUD/USD had fallen to about 62c and gold in USD was trading at $990/oz. spot gold in USD is now at $942.30 and the AUD/USD is 82.98. Spot gold in AUD/USD is about $1140 oz.
    so given all of the above i think you can say that the currency is impacting NCM.

    Hope this helps
    NCM Price at posting: $28.85 Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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