Hi SP and others,
Over the last few weeks the normal short position for NCM has been around the 500K 600K level I notice yesterday this increased out to 1.12 M.
So it would appear there are a few brave souls out there.
Also there is the options close out this Thursday to consider, its still surprising to me that a great deal of share holders / traders take no interest in the options and the bearing they can have on the market.
If peace breaks out all over the world and the money printing and government borrowing stops over this coming weekend the gold price could fall next week.
Given the unlikely prospect of the above I think NCM could continue climbing possibly on Friday and more likely next week. Gold and silver and associated share investing is not a pastime for the faint of hearted!
Cheers: Andy
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