Well well well, 9 was broken today....yep it is getting very interesting now. Cant help it but took profit again.....now it is quite possible for gold to rebound and NCM to try to rebound. I can see short term 8.46 to 9.09 and hell it is still a short for me.
This beast may go much lower still....hard to fight market and futile.....sentiment are really very bad for this beast
Market feels very nervous and at some point DOW may drop as well...... There is not much reason for anyone to buy gold at this stage. Untill this change I cant see NCM will have a sustainable rally....and they have to address their debt too.
Cheers,
NCM Price at posting:
$8.70 Sentiment: None Disclosure: Held