and.. I'll add... it's been a good trade to be short gold stocks over last 3-4months, gold couldn't break 1400-1420, kept getting sold down, and US econ numbers are getting better, so NCM goes from 4300 to 3700, OGC a much bigger slide.
then a big short covering rally mid Feb (in OGC too, triggered by the reserves announcement).
but this last slide (late Feb) hasn't coincided with gold (or metals) coming off, they're still bid, AUD still bid, all still bid as mkt is loosing front page interest the middle east - one of these market is wrong, either gold tanks and OGC et al shorts are right, or gold stays strong (1400+, and equities generally bouyant), and the shorts have to cover. I think they're going to have to cover and OGC is going up, quick.
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ogc weekly chart still looking good, page-14
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