When DCN SP has been beaten down so much, slide in gold price is probably not going to have much effect on it. In fact, the timing is good for DCN if gold price to slide much lower to flush out the weak hands. If gold price recovers overnight, we may be looking at the formation of a double bottom for gold. This may foretell strong gold price movement in the future.
DCN Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held