i think gold has limited upside short term. All depends on Bernie tonight.
1) Bernie said they'll do usual boring low interest rate speech - I think market already expecting that and that's why gold and silver been up like crazy and USD being sold off. Most likely, traders will take profit and wait to enter again.
2) If Bernie gives slightest hint of withdrawing some monetary stimulus (or monetizing debt), USD will find the bottom and Gold will be profit taken or even sold off.
Both, scenario, I think NCM has very high probability to go down tmrw. I only say this for tmrw. of course, for the long term, NCM is a 50+ stock.
NCM Price at posting:
$42.02 Sentiment: Sell Disclosure: Not Held
