I refer to my previous post showing the gold price over the last 10 trading days.
Just an extra note to go with this graphic.
One could argue that the drop down in the POG last week to $US1310 could have been due to the release of the FED minutes and the anticipation of their release.
If you remove this "reaction" the POG could be argued to have been tracking $US1330 for about 10 days, it just got tight in the last 24 hours.
I know this is a NCM thread but in the absence of any news on NCM, it very much appears to be one and the same thing.
I think a good strategy for myself is to watch the gold price like a hawk, bail out of NCM when and if the 30day gold price metric goes flat (ie no net rise in POG over the previous 30 days) and also bail out of NCM prior to any statutory reporting. That way I reduce my exposure to any share price shocks (up or down) associated with the fundamentals of the company.
This way while the gold rally continues I should win with NCM (unless they announce some unforseen bad news).
IMO anyone shorting at the moment is still going against the trend.
- Forums
- ASX - By Stock
- NCM
- dollar down gold up ncm not moving
dollar down gold up ncm not moving , page-66
-
- There are more pages in this discussion • 133 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)