1034 [Dow Jones] Newcrest (NCM.AU) remains prefered big-cap gold play for Southern Cross Equities. Broker says gold's 15% fall from May peak is correction in long-term gold bull market and sudden breakout from recent trading range is bullish. Notes oil price is 30% above previous inflation-adjusted peak of US$105.90, whereas gold is 60% below equivalent inflation-adjusted peak of US$2,250. Says investment demand is strong, jewelry buyers have returned and speculators have exited long positions. "As a result, a new high in real terms is very possible within the next few years." NCM up 5.1% at A$31.06. Spot gold up US$1.25 at US$929.00. (DWR)
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $16.47M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $5.742K | 478.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 898083 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 2506244 | 5 |
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| Last trade - 10.10am 03/06/2024 (20 minute delay) ? |
| GSR (ASX) Chart |