Gold $1282 been this range for a few days. but may go up if silver starts going up
i think NCM and most of the other gold producers are just following the price of gold and each companies rise and fall is magnified by what is happening within its own business. example. gold loses $100 very quickly around the same time NCM do a write down. SP follows gold price + magnified by writedown. once gold stops a short time later SP will stop. Gold moves up then SP will move up albiet more slowly than the fall due to resentment. Like the price of fuel at the bowyser. price of oil per barrel goes up and they increase the fuel price at the pump the next day. the price of oil per barrel goes down and the price of fuel at the pump seems to take a week to go down - lol - similar to share price but the other way. SP follows gold price but when gold goes up SP lags.
just some waffle. but if gold holds and starts making a real upward move to say $1350+ and i had capital i would be buying in.
NCM Price at posting:
$9.17 Sentiment: Hold Disclosure: Not Held
