Bears / Shorts were desperate yesterday to engineer a close below $40.
Interesting watching copper surge to $4.21 - a rising copper price is cream for NCM - the market hasn't factored this into the NCM share price yet imo.
I think the short covering will continue - once gold entrenched back over $1400 later this week / early next NCM likely to challenge $42.
I find it interesting that US based gold stocks and the big 3 SA stocks( HArmony Goldfields ANglo ) havge all been significantly outperforming NCM over that last 30 days - expect this trend to reverse.
And off topic I am so glad I didn't listen to few folk who were attempting to steer me into MEO...........
NCM Price at posting:
$40.49 Sentiment: Buy Disclosure: Held