i must admit i like the ncm thread esp Sydneyguy who has been accurately tracking ncm for years now
i said a year ago that head and shoulders on pog on daily had spread to weekly.
also that ncm could see it back at $21 level and then $18 level. same as gfc which is when i last built a position in it
still waiting on it
longer term $21 level should be ok as long as prepared to ride out the risks of spikes down
if looking to nail the price low then a bit of work to go yet?
will be surprised if falls below gfc low of $18 and must admit surprised back at $21 level.
pog is a bummer. from $400 level pog still in longer term uptrend. 12 years of rises. will year 13 be lucky again?
1970s talk all about pog. took 10 years to get there and lasted a few months like most spikes. not in camp of those turning from goldbugs to goldbears. it is a commodity like anything else.
pointless other than to say a year later that waiting time still for pog and ncm.
NCM Price at posting:
$21.55 Sentiment: None Disclosure: Not Held