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Newcrest Mining Ltd NCMGF


Primary Symbol: A.NCM

Metals & Mining Gold
Newcrest Mining Limited is an Australia-based mining company. The Company's principal activities are exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. The Company owns and operates a portfolio of brownfields and greenfields exploration projects. The Company’s assets include Brucejack, Cadia, Havieron, Lihir, Red Chris, Telfer and Wafi-Golpu. The Brucejack asset is located approximately 950 kilometers (km) from Vancouver, Canada. The Cadia asset is located approximately 25 km from Orange, New South Wales (NSW). The Havieron asset is located approximately 45 km east of Telfer. The Lihir asset is located on the Niolam Island, approximately 900 km from Port Moresby, Papua New Guinea (PNG). The Red Chris asset is located approximately 1,700 km from Vancouver, Canada. The Telfer asset is located approximately 400 km from Port Hedland, WA. The Wafi-Golpu asset is located approximately 65 km from the city of Lae, PNG.


ASX:NCM - Post by User

Newcrest Mining Ltd
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Post by Invest4Life2016on Nov 30, 2016 9:40pm
188 Views
Post# 25537775

Gold Bulls Submitting to a Rising U.S. Dollar!!

Gold Bulls Submitting to a Rising U.S. Dollar!!The strength of the U.S dollar is pushing gold down below $1000. The last significant bull market in gold was extinguished by a rising U.S. Dollar which reached a high of 1.67 in Feb 1985. The dollar bubble that happens approx every 15 years is brewing to bring down gold in a big way this time. The only difference being gold capitulated 2 years after it's spike from $860 in 1980 and was kept pinned down because the U.S. Dollar was rising right after gold's spike. This time around the U.S. Dollar's bullishness took a couple of years to form after gold spiked to $1900. This has prevented capitulation till now but as the U.S. Dollar hurdles past 1.10 any support for the gold price to stay above $1000 will have disappeared. Gold had it's mania phase! Now it's the U.S. Dollar that will go through a "mania phase" that puts gold into capitulation and keeps it in a blow off phase till 2019. The smart money is leaving to feast on the bag holders once gold breaks below it's mean.

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