NCM has been underperforming gold price so much as selling probably happen due to the shorts and maybe foreign selling by hedge funds. Maybe copper is another factor why NCM has been sold down it is surprising to see the biggest gold miner in the country going down when gold seems to be holding strong as more problems in the world supporting price of gold. Time may come one day for NCM to go up....but without huge buying from foreign funds not only NCM but all stocks are going side ways.
Cheers,
NCM Price at posting:
$37.92 Sentiment: None Disclosure: Held
