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NEWMONT CORP. DL 1,60NEWMONT CORP. DL 1,60NEWMONT CORP. DL 1,60

NEWMONT CORP. DL 1,60

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NMM trade ideas

NEM BAMM - Long trage NEM is in the process of printing Bat pattern still incomplete but we can try to trade B->D move which is often happens. Since when I am writing this idea price already broke B point I have to frame it with two entries. Entry 1 (preferred) - we see daily pin of high volume so there is a good chance of B point line to be re-tested. Wait until it is tested and see if it provides support to the stock price. If it does - price bounces of it on good volume and produces bullish candle e.g. pin. Then we can enter long position targeting Bat's D point. Entry 2 - if price action next week will be strong enough to break daily pin without B point re-test we can enter long position there. Trade Exit: Automatically exit trade at 0.886 fib - Bat's D point $40.51. Even at late entry at $37.65 we can still have 7% gain. With preferred entry we can gain about 14%. Proper money management required.
NYSE:NEMLong
by pbartashevich
2
Newmont - Hard Work Pays Off!Sticking with the precious medals and miners themes, heavyweight champ NEM looks to be putting in the work and headed for another championship run. After it's fall from grace that came to an end in 2015, NEM has methodically starting making some real headway and getting back in shape. Looking at the FIB retracement following its run up from January 2016, you can see that the 50% area was tested and held and now looks like we are about to finish up all the testing in the 38% area and move on up to the 23% area. Like the rest of this space an NEM breakout to the upside looks very favorable over the next couple months. The champ is getting back in shape and I'm optimistic that NEM will emerge a winner once again. The technicals coupled with some fundamental articles I have read lately have me loving the space again!! Happy trading to all!
NYSE:NEMLong
by BobbySpa
BAD STOCK, POOR MARKET CONDITIONS, BUT OTHERWISE A GREAT COMPANYNewmont Mining, “Newmont”, is one of the world’s largest gold mining company by Market Capitalization with operations in the United States, Australia, Peru, Ghana and Suriname. On average, over the past 7 years, the company has contributed to 3.58% of the world’s supply of gold (based on World Gold Council figures). Compared to its strongest competition, Barrick Gold, its operational mines are located in politically stable geographical zones. In an industry where government intervention and scrutinity is part and parcel of normal business, an investor would most certaintly benefit from companies that has less exposure to such erratic regulations. Newmont’s share price is highly correlated to gold price, which should be of no surprise as its bulk of profit is derived from gold mining. Gold, for a good part of modern history, has served as a hedge against inflation and would probably continue to do so. It has also become an asset investors flock to in times of uncertainty. While it is great that we are getting news almost every day about indices making new highs, investors should not be complacent and assume this would continue forever. Firstly, the Chinese financial industry is undergoing a deleveraging process. In an article by CNBC, according to the Institute of International Finance in June 2016, China’s debt-to-GDP ratio stands at 327 percent. If we recall, just about a decade ago, overleveraging was the cause of the great recession, causing the economy to plunge into freefall. Gold prices rallied from the low of US$781 per ounce at the start of the crisis in September 2007 to an all-time high of US$1878 in August 2011. To put it simply, no one had a clue about where we would move on from there, and their best bet in times of uncertainty would always trace back to Gold. As you are reading, China is still in the midst of their deleveraging process. Money supply growth has slowed tremendously while aggregate financing was RMB 70 billion lower than estimated, at RMB 1.04 trillion, according to a report by Bloomberg. With lesser money going around the economy, interest rates are set to rise. The Chinese 10-Year Bond Yield stands at 3.96% as of this writing, up from 2.66% about a year ago. As the interest rates rise, companies would find it increasingly difficult to meet their debt obligations as refinancing becomes more expensive while they are still drowned in excess capacity. Due to the significant amount of bureaucratic red tape around Chinese statistics, investors’ sentiment is should be best reflected in the market. The Shanghai Stock Exchange Composite Index (SHCOMP) is at 3,276, down about 5% from this year’s high of 3,447. While we have yet to see any event that could trigger a market-wide correction, it would not be right to assume a black swan event is not brewing somewhere. To continue reading the full article, please visit houtiantan.com
NYSE:NEMLong
by HouTianTan
Bad Stock, Poor Market Conditions, but otherwise a great companyNewmont Mining, “Newmont”, is one of the world’s largest gold mining company by Market Capitalization with operations in the United States, Australia, Peru, Ghana and Suriname. On average, over the past 7 years, the company has contributed to 3.58% of the world’s supply of gold (based on World Gold Council figures). Compared to its strongest competition, Barrick Gold, its operational mines are located in politically stable geographical zones. In an industry where government intervention and scrutinity is part and parcel of normal business, an investor would most certaintly benefit from companies that has less exposure to such erratic regulations. Newmont's share price is highly correlated to gold price, which should be of no surprise as its bulk of profit is derived from gold mining. Gold, for a good part of modern history, has served as a hedge against inflation and would probably continue to do so. It has also become an asset investors flock to in times of uncertainty. While it is great that we are getting news almost every day about indices making new highs, investors should not be complacent and assume this would continue forever. Firstly, the Chinese financial industry is undergoing a deleveraging process. In an article by CNBC, according to the Institute of International Finance in June 2016, China’s debt-to-GDP ratio stands at 327 percent. If we recall, just about a decade ago, overleveraging was the cause of the great recession, causing the economy to plunge into freefall. Gold prices rallied from the low of US$781 per ounce at the start of the crisis in September 2007 to an all-time high of US$1878 in August 2011. To put it simply, no one had a clue about where we would move on from there, and their best bet in times of uncertainty would always trace back to Gold. As you are reading, China is still in the midst of their deleveraging process. Money supply growth has slowed tremendously while aggregate financing was RMB 70 billion lower than estimated, at RMB 1.04 trillion, according to a report by Bloomberg. With lesser money going around the economy, interest rates are set to rise. The Chinese 10-Year Bond Yield stands at 3.96% as of this writing, up from 2.66% about a year ago. As the interest rates rise, companies would find it increasingly difficult to meet their debt obligations as refinancing becomes more expensive while they are still drowned in excess capacity. Due to the significant amount of bureaucratic red tape around Chinese statistics, investors’ sentiment is should be best reflected in the market. The Shanghai Stock Exchange Composite Index (SHCOMP) is at 3,276, down about 5% from this year’s high of 3,447. While we have yet to see any event that could trigger a market-wide correction, it would not be right to assume a black swan event is not brewing somewhere. To continue reading the full report, please visit houtiantan.com
NYSE:NEMLong
by HouTianTan