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.
NYSE:NEM - The big trend reversed for NEM when the stock broke the February-April highs. This resistance zone then turned into support and held in September-October. This is a classic tenet of technical analysis: broken resistance turns support. Yes, there was an overshoot below the support zone in early August, but the stock immediately recovered. A wedge has...
I like this because the vol distribution says it is more likely a consolidation rather than change of trend.
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+...
Interesting chart here. Hasn't been as volatile as the rest of the miners (see GDX post). Looks like it wants to stay above the downtrend line and starting to coil. I like this for an upside breakout!
NEM - Newmont Goldcorp share prices extended its run to the upside after breaking out of a critical support price level at 40.00 and hit 40.75 from time of reporting up 3.30%. Share prices currently float around 40.90, a vital resistance price point which it needs to break through to continue to its next target at approximately 41.60. It is wise for...
On a horrendous day in the markets NEM managed to stay in the green yesterday, such strength can't be ignored as there was a rush for anythings linked to gold. They only issue is that the market is so unpredictable that if you're not in it now, a change in market sentiment could really hurt the miners. It going long stop losses need to be tight or possible wait...
at resistance, one of the largest distributions within GDX. can she do it. with a dovish fed i say yes
This video is about XAUUSD physical gold price and some gold stocks! Physical gold looks like it will go up another 12 percent but the stocks look like A 30-40% move is on its way!
yeppers. my fav gold miner play
We opened with a wide gap which we have corrected now. This may result in a further fall.
GDX holding concentration of 14%.
NEM is now on its 5th-6th up day, making it overextended and overbought. It was breached the top layer of the bollinger band and is at about 98 out of 100 on the stochastics chart. These all combined lead me to believe we will see a retracement for the next several days in NEM until its moving averages catch up around the 32.85 to 33.30 mark for a short play...