Champ.........I'm waiting for the extreme volatility in the present gold market (bullion and shares) to abate. The perfect example was yesterday, another bear trap in NCM. The share price was pushed up 9% on sentiment while bullion rose in Asia. The yanks have now pushed bullion down as low as USD925 last night; the HUI has dropped 21 points and the XAU 9 points. And all this happened in the space of 24 hours while all the technical signals point to bullion retracing USD890-USD900.
Keep in mind, too, Champ, I'm a speculator not a medium/long term investor. Yes, volatility is what we speculators cut our teeth on but this environment at the moment is toxic!
Just my opinion.
NCM Price at posting:
$33.49 Sentiment: LT Buy Disclosure: Not Held
