NCM moved very strongly today but short covering did most of the...

NCM moved very strongly today but short covering did most of the job.

Gold stocks are the cheapest sector of the market, miners are still underperforming the whole market.
Gold miners are the ones everyone selling and one day NCM will run out of sellers.
Today is no time for celebration yet and volatility may persists a while longer.
To start building a bigger position for me is better than to try to make money by shorting NCM at this level.
This strategy is only for ME as others will disagree with this thinking.

What hapened to NCM the past few weeks are irrational and this irrational thinking cant last long and will one day reverse and sellers will become buyers.

I like buying when everyone is selling, NCM will make me money and big money and a good trade will take time to establish.

POG may still go lower and that is one thing no one knows.

No time to be a hero and no need to prove anything either.


Cheers,