16/09" Quite surprisingly, NCM is back above last Wednesdays close when POG was above 1360.
A sign that this is a "false break" of support for gold? Impossible to know of course but a positive.
I am staggered given your technical prowess chuck that you would make such a declaration.
Ncm had sell written all over it on the 06/09 which most technical indicators confirmed. If you weren't entirely sure the final confirmation was on the 12/09.
Other confirmations of further weakness 'to occur' in these stocks were:
MML on the 04/09
EVN on the 29/08
ABU on the 09/09
PRU on the 03/09
RRL on the 06/09
SBM on the 04/09
SLR on the 03/09
The XGD showed confirmed weakness was to follow on the 04/09.
All of these stocks have shown weakness since those dates.
Of course it is possible to know if you read 'the tape'.
Cheers
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