No, NEM is a short term breakout, I would keep it till the target around $30, that was the plan, that is how I'll play it. The plan also included quite a number of "double up" trips taking in few half buckers and buckers in the interim, and if it turns back down, the same plan will apply (doubling up in the $24/5 and selling in the $25/6 areas as many times as they will let us).
Mind you, NEM is around $28 here but gold is still struggling to make it above $330, if it does, $30 might not only be achievable, but it could serve as the bottom of the next box, so instead of selling at $30 you may want to raise your stop from just under $22 to just under $30.
Zeev
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