it is what it is with NCM, there were times when gold was much lower than 1700 but NCM was higher than 34 so there is no simple connection between POG and NCM price.
NCM was outperforming index last friday and today underperforming....money may move to BHP or MQG...hard to know....but bullish trend still looks ok.
Look at QBE people says hey AU dollars go higher QBE goes lower but that is proven to be bulls.....t today.
NCM will move regardless of POG....if there is enough buyers any stocks will move higher..today could be time where the weak ones are selling out.
We shall see,
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