time to go long, page-47

Hi Blacks,

From my humble technical view, there is a stronger probability that NCM will fall to $21 before we see it get back to $28.

The reasons for this are.....?
1. The Bearish chart pattern.
2. The AUD is on the verge of strengthening against the USD
3. Any rally will stop people believing they need to hedge

This view is very short term. Once the NCM pattern is played out and once the next rally ends and oil gets back to $70, gold and NCM will be higher.

My money is where my mouth is. I am currently Short NCM.