NCM may see a kick higher from a weaker AUD giving a smile to gold bugs

Potential Buy Alert

 

NCM – Newcrest Mining Limited

NCM is a gold bugs darling and looks ready to kick up out of long term contraction in price. We see the potential for Gold miners to get a boost from a weaker AUD and also the potential for Spot Gold to kick higher. NCM still has a bit or work to do but we will keep this on the radar for a push up out of contraction and then a buy entry setup.

 

Stock Code : NCM – Newcrest Mining Limited

Company Website : www.newcrest.com.au

Current Price : 21.89

Status : On watch for buy entry setup