Gold shares seem to be moving opposite POG. This occurred at the high in Feb also. Gold has strong support in 300 to 325 range. The war premium seems to have been removed and we are back at where we were in November.
After the war rally, USD weakness because of deteriorating US economy and the Beneke put (the Fed bloke), will be driver of Gold in the short to medium term, so am a ST Bull. But, i am still a LT bear, this will change if US does begin running the printing presses.
Bought some LHG calls and some NCM's also.
Time will tell.
Regards, noip Long LHG, NCM
LHG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
