NCM rallied almost +6% yesterday making fresh 10-month highs in the process, it might be due for a rest as gold tests the psychological $US2,000 level but we aren’t interested in losing our position at this stage.
- We like NCM for an initial test of $29 and potentially much higher, the recent bid from US giant Newmont (NEM US) is helping the performance of Australia’s major gold play.
MM remains long and bullish NCM
Add To Hit List
