Not much activity here. I'm licking my wounds on some April...

Not much activity here. I'm licking my wounds on some April puts. I even cleared out some May puts because gold may be going nowhere to down and there is nothing worse than hearing about missed production targets.

North Korean sabre rattling diminishing - gold down, NCM down
French election ok, EU strong - gold down, NCM down
Cadia troubles having the potential to drag out - NCM down

Wednesday's dive looked a little orchestrated so maybe the market movers have decided to dump NCM.
Also today's price seemed to have a cap on it at $22.15.

So I'm just watching for a while until my wounds heal.