NCM
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0.00% $23.35 newcrest mining limited

Is 7% downside in 2 days not enough for the shorts?Gold to me...

  1. goldmick
    524 Posts.
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    27/02/12
    15:19
    Post #: 9757084
    Is 7% downside in 2 days not enough for the shorts?

    Gold to me looks like it wanst to push through $1800 , perhaps by the end of this week. I think the buying between $33 and $33.50 should absorb the shorting / forced selling etc , in fact conditions are starting to develop for a strong short covering rally.....
    NCM Price at posting: $33.45 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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