The POG sustaining more technical damage today....can't seem to find a bottom.
As far as NES is concerned....Sitting at a new 52 week low. Support at $ 1.50 which is tenuous at best....Below that, next support is at $ 1.25.
A bounce off of these levels here is what we all should hope for......But putting in some stink bids is not a bad idea at this point.....You just never know.
Frustrating to watch , but some what predictable after the Fed deciding not to commit to QE 3..... It seems that the commodity markets in general are destined to continue on this path for the foreseeable future......Will the Fed inflate or will they not ?
Managed markets are irrational..... They mess with investors phsyche and tend to make them question their conviction on investment decisions.
JMHO of course.