Personally i think this was a massive shake out by the big end of town. They want in to gold and are trying very hard to shake out retail, maybe trigger some margin calls and using the broader market weakness. Ill be very surprised if gold doesn't rebound from 1810 or at worst 1800 and goldies rebound tomorrow or next week.Analysts have been calling for gold to tank for over a year and have been wrong, gold may not explode higher but it isnt crashing lower either.
NCM Price at posting:
$22.96 Sentiment: Hold Disclosure: Not Held