I sold out yesterday of NCM. For me this stock was the barometer of economic health generally. I thought it was oversold so I bought a few months ago expecting some rebound. If it stuggled during the gold good times then I'm concerned now as gold price is falling and looks set to continue. I believe in an inverse correlation between gold (fear in markets and low GDP rates) and general market wellbeing. Watching the Fed preparing everyone for a scaling back of market support is a sign of confidence that the global economy is ramping up for a long decent run again. Its been rubbish since 2007 but after 6 years think its all on the turn now.
I lost some on this but in a way its a good sign for other assets for me.
Good luck to those holding. I will probably buy back in when it settles at a new base.
I'm no expert on gold but it looks like the good times are over for now.
My thoughts and opinions.
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- i'm out of ncm and gold. economy improving.
i'm out of ncm and gold. economy improving.
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