I agree that gold and ncm will fire but the question is always the correct entry point. ncm is a stock and falls in a market meltdown. yes gold will then bring it up but what is POG doing?
$US is important here. if $US recovers then gold may fall. I am waiting on direction before buy in.
ncm chart has shown some weakness.
Seems that POG is range trading. I have the range as $950 to $915. If it breaks below $915 then corrective phase in pog is starting. if breaks that $950 mark then will possibly buy in. in meantime ncm should still be good for some day trades but watching that $915 on gold very carefully. NCM was a buy at $18 last year. that was AFTER it had hit $40. I waited and waited for that $18 entry. it was worth the wait. safe target is $27 and then $24. perhaps some at $30 with a stop loss. may prove wrong but have to be tough. it is a tough market. $30.30 was a good entry today but will see what happens tomorrow.
good luck all.
NCM Price at posting:
$30.95 Sentiment: None Disclosure: Held