looks like the technical rally is all but over, had a massive boost from the date of the first production report as XJO tide lifted all, raced up to and through 50dma, up to 100 DMA and 200DMA which are crossing lower at 2477 and now back down as fundamentals take over...finished 2 cents above 50dma
weekly chart looks shot again and reversed from its false break, clearly back in its downtrend on weekly and daily......
Gold back to the 1634, POG AUD 75Aud lower than last QTR ave of 1650aud
If its a rough night tonight andgold down again maybe people wont be too keen to pump the PE given past performance and current gold and energy prices...time will tell
NCM Price at posting:
$23.10 Sentiment: Hold Disclosure: Held
