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chartsareforships
Jan 31, 2020 11:55 AM

NEM - Perfect for the 2020 Election Year Long

Newmont CorporationNYSE

Description

Want a different way to play gold? Buy a miner! This is one of the top rated out there and it looks like it's about to breakout. In order to take the trade I will have to see a close above 46.07 on a weekly basis.

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Comments
BobbySpa
I watch gold and miners closely and I am surprised that that the miners are not running away with a 500 point down day. Monday could go either way. Hard to position ahead of weekend. But like the call that a close above 46 should mean new highs for miners
chartsareforships
@BobbySpa still waiting. I’ve got one more leg down on gold before the big run.
BobbySpa
@caseywarning, yes I have a PT on GDX OF $27.25 or so before a turn and maybe a little lower depending on overall market.
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