no its not MCM share price chart but looking similar, its the POG AUD last 60 days.....coupled with much lower production result,,,a popping oil price,,a crimped copper price....pressure on SP is clear....big drop and sadly when prices in the timeframe of the price action were super high, ncm didnt produce to capitalize
facinating moves by the market overnight, big rally continues.....oil through the roof, rebound in copper,,risk on or blow off top as short term shorts get squeezed?........also quite amazed that the Euro contiues to climb when banks are about to be recapitalized, (IE dilution coming) and the EU itself will take on more debt to cover the bailout,,,,when USA came out with TAPP everyone called for USD to collapse and it moved 126-151 Vs Euro and gold began its latest run over $1000,,now EU is about to announce something similar and its dollar rallies Vs USD which is also interesting as the US is apparently enjoying good earnings and improved economic outlook unlike EU which is about to announce a plan to rectifiy its trouble...
I suppose if the rally is going to be confirmed by the markets,,,gold should retrace further otherwize the conflict remains...time will tell
NCM Price at posting:
$33.30 Sentiment: Hold Disclosure: Held
