what are the CB's going to do,,,keep buyinjg it whilst telling the polpulation and borrow more money to do it whilst saying,,,ohh sorry tax increases and ,,um sorry the train lines are not being built......i see a potential seller
FX changes make demand change constantly imo
and with GOLD woth 120 dollars more than platium, gold is still completely out of equilbruim and has a few more hundred dollars to the downside imo
I hear your long side arguements and listen to the valuation on current cash flows etc, but think there are many more negative consequences on the here and now that will pull it down along with the market near term.........
From a trading standpoint, NCM can endure massive corrections and upward spikes, look at the chart,,,,,bit of caution never goes astray....we are not falling through 40 fighting to go higher,,,sentiment is just starting to realize the negative reality,,we are figting to hold 33.80 in an unstable trading environment...
NCM Price at posting:
$33.66 Sentiment: ST Sell Disclosure: Held