EU wasted even more money last night trying to prop up the Euro and it works for alot of the session, they lost grip when Germany banned short selling (naked) and crack, Euro hit new low, Gold recovered, markets sold off, AUD got smashed.
Bound to be some pressure early as markets are now looking at 4400 and many will be FORCE sellers.
Expecting a recovery and a move to 34 ASAP cause the only thing shining in our market after Mr Rudd asked all the foriegners to leave is NCM, LGL
Copper recovered alot Good for NCM
OIL Down Good for NCM
GOLD POG AUD well over $1420/OZ now, thats nearly a $50 swing from the low casue by EU supporting Euro
AUD in trouble Good for NCM
I think I might buy a few more, what you think,,,,after all GREED IS LEGAL.....
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