ncm in the $10's!, page-16

A feel a correction is coming to the general markets.

XAO has a chart gap left from 7th December 2012 between 4521.5 and 4544.7.

I think XAO and XJO is headed to 4500. That's a 5.5% decline from here.

BHP had already responded to this required correction back in February-March and will not take as much of a hit.

It means banks are going to take a large hit from here.

Getting back to NCM, my feeling is that this general correction is going to have some interesting implications on gold and NCM but it is not clear how.

Something is going to unfold here. It may be that we have arrived at the part where gold bounces back and NCM outperforms.

Intuitively, it is against what the tapering of QE will do, but strange and unexpected things may happen.