Again i am beginning to think that NCM is the short side of a...

Again i am beginning to think that NCM is the short side of a pair trade with every other gold stock on the planet - In early trade in SA Harmony,Anglo and Goldfields are up between 1.5% and 3%. As you would expect with gold having rallied from $1700 last night.

I can't remember the last time NCM traded up 3% on any given day. Interesting close today - someone wanted NCM to close Red and after hitting just below 40 with an hour and a half to trade the stock was decimated in afternoon trade - quite contrary to how the miners traded in North America last night ans the SA miners currently.

All eyes on Big Benny B later tonight - lets see if he still sees the weakness in the US as transitory......

Gold could easily be $1850 later tonight....(but would that have any impact on NCM share price Monday? :( )