I personaly believe Gold will keep going up and Chinese have plan to buy up to 10000ton which by then will be bigger than US holding and on top of that Russia and India are buying as well. So these countries have much much bigger power to move gold than 100 George Soros. NCM may or may not be undevalued but it is a good stock to trade and one will never know if or when big overseas investor will start buying NCM again and when that happens the move up will be violent. POG is back above 1500 and it feels that it is heading toward 1600 than 1400.
Cheers,
NCM Price at posting:
$38.05 Sentiment: None Disclosure: Held