Newmont Corporation (NYSE: NYSE:NEM ) has set the stage for a lucrative deal with the initiation of the sale of its Akyem gold mine in Ghana, attracting significant interest from Chinese mining giants amidst the backdrop of soaring gold prices. Strategic Move Amidst Gold Boom: With gold prices reaching new heights, Newmont's decision to divest its Akyem gold...
Newmont is flirting quite heavily with our alternative scenario, moving closer and closer to the support at $37.45. By now, it is touching the upper edge of the yellow zone between $42.50 and $23.41, on the verge of slumping deeper. There is a 40% chance that the course might do so, dropping below the support at $37.45 to develop wave alt.(2) in yellow earlier...
Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall. All the king’s horses and all the king’s men Couldn’t put Humpty together again . Well, Newmont shouldn’t have such a great fall that it can’t be put together again. Tough, just like the egg headed character from the British nursery rhyme, it is sitting on the big yellow wall between $42.50 and $23.41,...
Newmont ( NEM ) stock prices have been falling precipitously, halving in value from highs of $86 in mid-April, due to lower gold prices and rising input costs weighing on the company's earnings. On July 25, following the release of the disappointing second-quarter results, with EPS down to 0.46 (-30% lower than expected), the world's largest gold miner fell to...
Just like many of the other commodities, Newmont mining looks overextended and is starting to turn over. Because of how quickly it ran, I think we're likely to see a violent snap back in price back to the February lows. I can see price going to the $60 range before continuing up and/or retesting these highs as resistance.
Newmont has been following our primary scenario and has as good as reached the ideal destination for wave ii in magenta near the lower third of the magenta zone between $69.49 and $56.42. Thus, it should soon turn around and move upwards. However, there remains a 40% chance that Newmont could drop through the magenta zone and below the support line at $52.60,...
Newmont Corporation ( NYSE:NEM ) Sector: Non-Energy Minerals (Precious Metals) Market Capitalization: 65.607B Current Price: $82.78 Breakout price (hold above): $80.10 Buy Zone (Top/Bottom Range): $77.65-$74.05 Price Target: $89.20-$90.90 Estimated Duration to Target: 65-68d Contract of Interest: $NEM 6/17/22 90c Trade price as of publish date: $2.56/contract
Miners, metals, hard assets, etc. will moon Buy when nobody gives a shit and when they are cheap. Can this dip to $44-46 - sure, just buying more if that happens. Also, half of my posts are going private for now with a few public ones in between. I am dropping another one for you that will triple in price (see link to a private post under related ideas below)
There is still plenty of room on the downside for the Newmont stock and we expect it to use it to the fullest. The next big step is the breaching of the support line at $54.18, however the stock should not fall below $46.07. If it does so: RUN FOREST, RUN!
The Newmont stock has reached an important mark within the chart, and we are waiting for the stock to turn around. If we stay above $54.18, we continue to expect the price to crush through the resistance at $75.31 and proceed to tackle prices above $90. However, a 45% chance of falling below $54.18 remains, which would lead to further declines. Go Bulls, Go!
📈 NYSE:NEM H4 🛒BUY above = 66.66 🎯Target1 = 69.05 🎯Target2 = 70.55 🎯Target3 = 72.95 🛑Trailing Stop loss = 62.75 ❌Cancel trade and open reverse trade = 62.75 🙈Recommended risk = 3-5% #NEM #NEMONG #BUYNEM
NEWMONT CORPORATION at a CRITICAL LEVEL for its future price. Closing a weekly candle above that trendline, would break a multiyear pattern, and activate all the other possible targets in red. Otherwise, in case of rejection, the supports are in green.
A Reaction low formed after testing the Upper Bollinger Band and the (Resistance area of 19 September 2011) ,We then seen a Test of Support (Middle of Bollinger Band) and (Previous Local Resistance), found support there and moved up to test the Upper Bollinger Band, exceeding the previous high but Rejecting the test of the upper Bollinger Band (Also being The High...
📈 NYSE:NEM SHORT H4 🛒SELL BELOW = 64.60 🎯Target1 = 62.25 🎯Target2 = 60.80 🎯Target3 = 58.40 🛑Stop loss or cancel trade = 68.55 🙈Recommended risk = (1%-2%) #NEM #NEMSHORT #NEMSELL
📈 NYSE:NEM LONG H4 🛒BUY above = 70 🎯Target1 = 66.45 🎯Target2 = 68.80 🛑Stop loss or cancel trade = 62.60 🙈Risk = (2%-3%) #NEM #NEMLONG #BUYNEM
A.I Vision Alex Vieira Urges to Invest in Gold since he announced the bottom at $18 upgrading to Strong-Buy. Gold can see a frenzy in case of a market crash
The outlook for gold price just got shinier. With inflation at 2.1% (PPI) and 3 month T-Bills at 1.25%, it makes no sense to be in cash (short term) se
If gold is just finishing its triangle continuation pattern and ready to move higher, then NEM is a great buy! Any options in the $39-$40 level expiring next week should do excellent, if that is the case.