near term target 39.75, page-30

Hi BLsh,,

Happy New Year,,,

I think the shorts are coming after NCM's run based on no real move in Gold in AUD terms over the last week,,shorted over 40PC yesterday, rising USD and falling gold spells a reversal IMO...quite brutal today but following four massive moves up on vapour I suppose its well overdue....Many more are expected back to work next week so if volumes increase I am betting that many will look at AUD gold price and see it doesnt reconcile to the rise in NCM and go short...

Sticking with my near term target of 33.80 for the time being,,,,,, Im seriously short at present and under water with the Xmas NEW year rally,, time will tell..

GL