Newcrest raised to Buy by Shaw and Partners, page-5

Glad we're on the same page here polly ...

I like a few things:

Firstly, gold majors have been bought up in spite of a falling gold price the last few days. Suggests the market thinks (as I do) gold looks set to turn back up.
... And, since the recent clarifying of NCM's position, its price action (irrespective of gold movement as well) has been clearly much more positive after a pretty savage decline. One never knows but I like the NCM chart as much as I've liked a chart for some time. The indicators also look very good from my perspective.

If the NCM "re-rate" can surf in on a rallying gold price, yummo!

Kip