near term target 39.75, page-71

It's the third time in the last couple weeks where NCM has hit $41.20 (or around there; $41.18 today) and fallen back significantly - there is extremely strong resistance there for some reason, like some of you have said it seems to have been capped. Not sure why it's significant, but I understand the frustrating from an investing perspective as it's continuously happening, when overseas the XAU/HUI were very strong last night and broke through their own resistance levels. And more importantly, gold getting past $1900!

Should see a long black candle form on the Candlestick chart today, open at the high and close near the low - typical bearish pattern indicating a short-term top and should trigger some short-term traders to sell out (as they rushed in from $38 support level - book in a nice $3.00 p/share profit). It's all textbook trading, been happening for years on NCM.

It keeps cycling between this price range, but until it breaks through this barrier it won't go any higher irrespective of gold price. Someone seems to want to hold this one back, can't understand why. Sadly, it's too easy to short stocks in Australia with little volume/funds (from a hedge-fund perspective).