NCM is a safe stock long term, but short term it has become a leveraged bet on the price of gold. The gold chart has strong support at 1540 and may bounce there.
IMO, in the end there is only one way out of this crisis - print more money. So I think big players like China will continue to hoard gold in anticipation of wide spread money printing.
The GFC showed that gold stocks were the first to dive and the first (best) to recover.
telling 'fibs', page-12
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)