Long

Buy $NEM on rare alert

Updated

Newmont mining may have just published a false breakout (FBO) beneath the recent wedge formed and the 50 Week MA. We received a rare block alert ahead of the final seasonality run into late February.

Note

Gold post election year seasonality shows we still have a shot at jumping into late FEB. The previous 12 years shows similar, though after the big drop in early January this has been completely violated.

Note

Remember that earnings are FEB 18, which I expect to be a complete blowout.

mortdiggiddy

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by mortdiggiddy

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