Tuesday, 13 August 2013

Newcrest...oops

Gold-mining company Newcrest sank as low as $9.96 in the trade, having been pole-axed from above $40 in 2011.

A complete mess - business reviews, project withdrawals...bottom-picking when the share price halved turned out to be a very poor strategy.

Wonder what Jordan Wirsz is thinking today after he advised buying gold at US$1,729/oz as well as tipping a 60% crash in Australian property prices (they went up)?

Very ordinary.


Source: ASX

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