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...
I'm still projecting one more push higher for GOLD before the steep slide down to $1,400.
With that in mind, I purchased NEWMONT GOLDCORP (NEM) $38.50 call options expiring this Friday (bought at $0.20)
I anticipate that NEW is in an ending diagonal that will rise to $39.35 or so tomorrow, fall back to touch the wave 1 high at $38.79, and then push to the $40+...