yeah they are good points, but personally I'm not really going to get caught in the noise of taper, they are already doing it as rates have risen in usa as FED takes their foot off,,,either way markets are rising and equities are paying much higher yields than gold.....businesses' are doing big things, lots of ipo's coming up, even Microsoft increased its div last night some huge amount and allocated 40BLn for a buy back,,don't think the market is going to crash this week on FOMC announcement...
NCM is very interesting,,,,one only has to do the numbers on profit at these levels given their last line in the sand........profit isn't in growth on my book and at 1388,,AUD,,,well, EPS forecasts are way way to high imo.....wont be beating its underlying this year with these prices,,,,DIV reinstatment,,,,,,lol squared in these circumstances imv
If people want to buy no div and rapidly shrinking profits, or mines that are not profitable,,,,,,I don't mind
NCM Price at posting:
$11.95 Sentiment: Sell Disclosure: Held