A mining company with hopeSince Gold is dragging every major mining company down this one can be a decent buy in case of a pullback to support, after that i guess it can climb higher assuming if mining stocks gonna stay in good shape
NEM trade ideas
$NEMGreen: Entry Point
Blue: Start of Week
Red: End of Week
Thumbs Up: Trade Available for Week
Numbers: Price Targets
*For share traders only. Not meant for options.
DangerousI know that the momentum is still given and the trend is intact and steady. But I need some short to balance the portfolio and the calculated upward target of this month's rise has been reached. Thus I can imagine a little correction for the last days of the month.
NEWMONT $NEMi expect it to retrace back to anywhere between 47$ and 42$, depending on golds correction move then another leg up should take place to 75$
Newmont (NEM) AnalysisCompany Overview: Newmont NYSE:NEM , as the world’s largest gold miner, is well-positioned to benefit from the ongoing gold bull market. The price of gold is projected to rise to $2,500 per ounce by the end of 2024, creating a significant tailwind for Newmont’s operations.
Key Catalysts:
Gold Production Strength: With forecasted production of 6.9 million ounces in 2024, Newmont has a major advantage, given its scale and operational capacity. The bullish gold market will enhance its profitability.
Newcrest Acquisition: The acquisition of Newcrest Mining is a game-changer, adding $500 million in synergies and boosting cash improvements by $2 billion through portfolio optimization. This deal strengthens Newmont’s competitive position and enhances long-term value creation.
Investment Outlook: Bullish Outlook: We are bullish on Newmont above $48.00-$49.00, based on strong gold market fundamentals and the strategic value of the Newcrest acquisition. Upside Potential: Our target for NEM is $78.00-$80.00, driven by rising gold prices and operational efficiencies from the acquisition.
🚀 NEM—Gold Market Leader Positioned for Growth. #Gold #Mining #Newmont
Newmont Corp | NEM | Long at $48.00While gold prices have soared recently, gold mining stocks have lagged. Newmont Corp NYSE:NEM , the world's largest gold mining corporation, may be undervalued if the miners take off to catch up to the gold demand/price. Currently sitting near $48.00 and at a historical moving average that it will need to break to show a true trend reversal, NYSE:NEM is in a personal buy zone. Now, the price may break down at the simple moving average and test the patience of shareholders, but the long game may benefit those who can tolerate the volatility.
Target #1 = $57.00
Target #2 = $71.00
I’m liking Newmont MiningNewmont has had funny and endearing management, and a steady mission. The chart is consolidating sideways in a ascending triangle. We’ll see. I predict a breakout of the formation, and a long bullish run equal in height to the length of the consolidation
NEM ASX - breakout weeklyNEM now breaking out hard.
target is $74 AUD.
gold miners have yet to move but spot price of gold has already
started accelerating higher.
Bonds yields are still negative in real terms.
equities are overvalued. BTC is in a bubble. Gold is stability.
US empire wants to initiate more Wars. China will be the next to be
invaded. They will instigate something in Taiwan as they did in Ukraine.
Can Newmont Break Resistance?Newmont rallied in March and April. Now, some traders may see potential for a breakout after two months of consolidation.
The first pattern on today’s chart is the May high of $44.59. The gold miner probed the level last week (after unemployment surprised to the upside) and its shares sat near it yesterday. Could a push above that resistance draw buyers from the sidelines?
Second, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in May. That could suggest its longer-term trend has grown more bullish.
Third, the lower study includes our 2 MA Ratio script with the default settings of the 8- and 21-day exponential moving averages (EMAs). Notice how the quicker EMA has risen above the slower EMA. That may suggest its shorter-term trend has grown more bullish.
Next is the high basing pattern in May and June and a falling trendline since June 20. Those could reflect a completed consolidation period resolving to the upside.
Finally, you have catalysts like Federal Reserve Chair Jerome Powell’s testimony in the Senate on Tuesday and the consumer price index (CPI) on Thursday morning. Bond yields have recently declined on hopes that inflation and interest rates are headed lower. This week’s events could confirm (or invalidate) those views, which could potentially impact NEM.
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NEM potential buy setupReasons for bullish bias:
- Price is at near weekly support
- Price is at channel support
- Bullish divergence
- Positive earnings results
Entry Level(CMP): 29.80
Stop Loss Level: 28.72
Take Profit Level 1: 33.11
Take Profit Level 2: Open
Newmont will dip and the soar 400% by next spring! (MULTIBAGGER)Pretty spectacular prediction huh? How am I calling all these movements? I found a repeating fractal in AMEX:SILJ that correlates to market plunges. I lined up the previous price action and it's following it to a 'T'. I expect similar repeating fractals for other assets as well.
Whether the FED is hawkish or dovish, after the minutes are released the market will go up and then fall down precipitously. Could be because China devalues, or BOJ sells treasuries (which were hinted at on Zerohedge today). Price will rip AFTER the FED cuts like it did in 2020 for the pandemic.
The price is gonna go from $42 to $50 for a possible blow-off top, down to $30, further down to $20, before going to $80.
OTM calls and puts can be bought for $5 for 2 weeks out so in two weeks, start buying puts in August and October and some longer dated calls (December). That way, if IV (Implied Volatility) gets too high, you can always sell those and make money when it gets hectic and IV explodes, regardless of where price is at (sometimes). Of course I'd like to reup some more puts in late August/early September if IV lessens, for the final ride down. Not sure about IV at the bottom, which is why I suggest buying calls before the plunge just in case.
OF COURSE THIS ISN'T FINANCIAL ADVICE.
This Stock Has Underperformed Over The Past 52-WeeksThis stock represents a company that is in the gold industry.
It's one of the world's largest gold producers.
Sadly it has underperformed by 5% over the past 52 weeks.
You may be thinking,
"This stock is undervalued and it's a bad buy"
Its okay for you to think like this and I do understand
but when you become a professional trader
you will look beyond what the chart is telling you
Almost like you are looking into the future of trading a trend.To find such stocks
you need to use the following 3-Step System:
#1- Price has to gap above the 50 MA
#2- The 50 MA should be above the 200MA
#3- The 200 MA should be below the 50 MA
This system will help you find the stock that is going to rocket boost
in the trend
Rocket boost this content to learn more
Disclaimer: Trading is risky and you will lose money please learn risk management this is not financial advice do your own research before you buy or sell anything.
NEW.NYSE Newmont Prints a Cup & Handle Pattern.Newmont has printed a Cup & Handle Pattern which is Bullish.
This is a Gold Trade.
You can Project the Cup Bottom and the Handle to see where the Price Action should go.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham
$NEM $GOLD $XAUUSD - NEWMONT TO THE MOONThe company was going to beat and just did, all upside from here. Newmont is on the SP500 index and big ETFs. VOO, VTI, SPY, VO, IVV, RSP, IWO, and obviously GDX.
When the call options start coming in, this company will see a big upside with the gamma on the holdings. As the market cap increases, all of the above-held ETFs will reweight to hold more when the MMs offload as the options expire.
NEM hits TP And Some MoreNEM blasted through my take profits. I hope you learned something new from this setup. Its one of the most powerful setups in my bag of tricks.
NEM to go down
Gold has been doing well. Newmont Mining (NEM) being one of the gold miners has seen a decent rally too.
NEM is overbought on the daily with a RSI over 70.
As we can see, we approached a diagonal downsloping trend line. There has been multiple hits on this trend line.
I expect NEM to pullback from here in the short term to about 28 dollars which would then be a buy opportunity again.
(I do not do any short trades, only longs)
Risking Risk On NEM TradeIn this video, I describe my trade idea, how I executed it, and recap the move it is making towards my target. I also briefly explain how I am reducing risk.
Buying at 23-23.5One more Leg down to reach a strong support. Perhaps it never comes, and I never buy.
But I will be ready to buy when it comes!
Newmont's Ghana Gold Mine Sale Sparks FrenzyNewmont 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 mine in Ghana appears strategically timed to capitalize on the current market dynamics. The sale, aimed at generating a substantial $2 billion in cash, underscores Newmont's commitment to optimizing its asset portfolio and unlocking value for shareholders.
Chinese Giants Eyeing Opportunity:
Chinese mining behemoths, including Shandong Gold Mining Co. and Zijin Mining Group Co., have emerged as frontrunners in the bidding war for the Akyem asset. Their interest underscores the growing appetite among Chinese companies for overseas mining opportunities, particularly in regions with rich mineral reserves like Ghana.
Global Interest Signals Asset's Appeal:
Beyond Chinese contenders, other players such as Chifeng Jilong Gold Mining Co. and Australian miner Perseus Mining Ltd. have also expressed interest in the Akyem mine. This widespread interest highlights the attractiveness of the asset and its potential to deliver substantial returns for the prospective buyer.
Strategic Divestitures to Strengthen Balance Sheet:
The sale of Akyem is part of Newmont's broader strategy to divest non-core assets and streamline its portfolio following its acquisition of Newcrest Mining Ltd. The company aims to offload several other gold mines in North America and Australia, with the goal of reducing its debt load by $1 billion in the short term.
Future Growth Prospects:
Looking ahead, Newmont ( NYSE:NEM ) remains optimistic about its growth prospects, with expectations of improving gold production to 6.7 million ounces by 2028. The divestiture of non-core assets is expected to not only strengthen the company's financial position but also pave the way for future investments in high-return opportunities.
Investment Opportunities Amidst Market Volatility:
Despite NYSE:NEM stock experiencing a decline of over 29% in the past year, investors can still find opportunities amidst the volatility in the gold mining sector. Exposure to Newmont can be gained through ETFs such as iShares MSCI Global Gold Miners ETF (NYSEARCA: NASDAQ:RING ) and VanEck Gold Miners ETF (NYSEARCA: AMEX:GDX ), providing diversified exposure to the gold mining industry.
Hit previous ALL time LOW - Range or UPGold Company with good earnings and good Div
I like the idea of a Range to a breakout to all time high
Newmont Corp hits multi-year lowsThere was a surge in bullish sentiment following the release of NVIDIA’s stunning results. The rally across stocks was broad-based, making it difficult to find anything that failed to post hefty gains yesterday. Well I’ve found one. Newmont Mining Corp, the world’s biggest gold miner, didn’t just fail to rally. It absolutely tanked, ending yesterday’s session down over 7.5% to hit its lowest level since May 2019. Are investors making a statement about what they expect the price of gold to do this year, or is it more company specific? Either way, it’s important. Not just as a bellwether for gold or the industry, but because Newmont is a major constituent in many gold mining ETFs.
The candlestick chart shows Newmont’s share price going back to October 2018, with the gold price superimposed in ‘gold’. You can see how the two correlate, with Newmont outperforming during gold’s rallies. But there’s been a growing divergence over the past year. How will this resolve?
Box on $NEMA new exciting box is going on on the hourly chart together with a test of our emas and positive price action in case of breakout
