Yesterday, Newmont Mining Corp (NYSE:NEM) filled an important gap on the charts, and came into an important trend line of support. As of late gold prices have been falling dramatically, dragging miners down with it. However, the metal as well as many of the leading miners, including Newmont Mining Corp (NYSE:NEM) are starting to set up for possible short term...
You will see this base across many gold related stocks including the miners. Looking for a continued move higher out of the base. Will most likely use the daily stochastics to time exit. If we cross back down on the daily stochs I am out . also Like the GLD, and holding GLD