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NCM and LGL - again

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Futures up over $10, cracking $780.

Should be a nice day for these two Monday after breaking all time highs on Friday.

Must have a consolidation period shortly.

Pending major market corrections it looks like POG is just going to keep running.

Read one commentator on Kitco saying that we'd see a $100 jump day in gold shortly. Golly.

I haven't added anymore LGL for a while and have been waiting for a decent correction to do so...
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Updated 27th-October-2007 at 03:09 AM by kennas



  1. vishalt's Avatar
    LGL for the win D:
  2. kennas's Avatar
    I expected 5% gains on these two yesterday. Oh well. POGs over $790 at the minute, so maybe tomorrow.

    If the fed doesn't cut rates expect a sharp correction in gold. I might have to hedge a bit I feel.
  3. kennas's Avatar
    Both down. LGL by 5% due to production downgrade. Profit taking on NCM I feel.
  4. vishalt's Avatar
    was probably profit taking, LGL's drop makes it look attractive
  5. kennas's Avatar
    LGL recovered well and NCM breaking all time highs again.

    NCM CEO out saying they've got their sights on 4 goldies they could takeover. Criteria being the capability of 200K oz year output. That would mean 2m oz resource plus I suppose. Wonder if LGL is on the list?

    DOW tanking 300 pts as I write so I might have an opportunity to pick up a few more of these a little cheaper in the comming days.


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