BenjiMiller
Long

NEM poised for one more push to near highs?

NYSE:NEM   NEWMONT CORPORATION
I'm still bullish on GOLD for the next few trading days and thinking its going to attack the highs next week (and fail to breach).

In that regard, I anticipate that NEM is in an expanded flat and that wave 5 of the ending diagonal should commence Monday morning after a wave 4 overlap at $38.79.

If my analysis is correct, NEM will bottom after this quick overlap and make its way higher, peaking between the 2 recent highs of $41.62 and the yearly high of $41.08, which occurred on August 28.

Stay tuned.

Comments appreciated.

Benji Miller

Comments

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