7.77 breaks and 7.25 barely holds

Yep finally 7.77 breaks today and minor support 7.25/7.28
low on 2 june 2003 broke a few times only to close at 7.25

Next on the chart major support looks at 5.54 and 5.59 on March 14 2003.

If gold keeps going down and it looks likely going under 1200 anytime soon then 5.54 is quite a possibility.

Hard to see what NCM can do to reverse the trend....some brokers call 12 odd bucks ????????

The shorts are still making money so far......till fundamental change there is nothing that will stop them making money.

SG, if gold breaks 1200 and stays under for longer NCM may have problem servicing their debt??

Cheers,