I note the weekly chinese easing rumour which keeps fueling china didnt happen again, the next easing already is japan on thuesday as some say they will ease to push inflation, the we have the new imf ex polly slush fund which could stabilize the euro which refuses to meet reality........other have moved on from weekly china, its going to ease over the weekend to fomg meeting in usa....
The trend seems to be up but short term with all the government interventions fx could go amywhere as a consequence......
Watching the equity rally in usa, i suppose if it continues there is no real drivers for investors to continue to hold or buy gold, market is rising on expectation of improvement and earning have still exceeded the majority of analysts....
A french downgrade could pop the dollar and kill the euro, fuel the rally more as oil and gold fall hard with the increase in usd and a further move towards 130 on the euro.....
Only ideas time will tell,,,,,,,,
What production number would you consider ncm a sell
NCM Price at posting:
$28.05 Sentiment: None Disclosure: Held