I think there risks are very high to enter any side at present, let see if it closes the week below 1655
Rally in usd could go for a while given all the managers were hot on Europe em and Japan --- bringing the money home could move the needle higher and commodities lower
Gdx shares on issue hasn't budget lower yet and if it does - goldies will continue to be hit imo
Financing costs in isd with falling currency and rapidly rising rates on variable corporate debt the size of ncm is definitely going to bit eps along with falling pog aud
They shouldn't have borrowed to pay last dividend
You may get bounce if gold bounces but I think that will be short lived given usd
And if trump does approve repatriation concessions there could be another isd spike and gold
Smashing
Given all the parts- best be sitting on sidelines imo
Iphone sorry
NCM Chart, page-179
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