NEM-BUY medium-term

NYSE:NEM   Newmont Corporation
There is lot's of talk for further GOLD weakness. That is fairly strange considering inflation , and uncertainties with weaker economies that may enter recession in the near future, if one reads into the latest development. Especially the US housing market.

GOLD per se, seems slowly building up support form the medium-term, but bearing in mind we can range downward in the near term, but not very likely or certain.

This stock seems good opportunity buying into Bollingr Band with a likely objective near $ 60.00 or higher.


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