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NEWMONT CORPORATION

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NGT trade ideas

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. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:NEM
by TradeStation
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.
NYSE:NEMLong
by EmptyEternity
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.
NYSE:NEMLong
by lubosi
1
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.
NYSE:NEM
by DEXWireNews
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?
NYSE:NEM
by TradeNation
This market has no mercyPrice is landing on an important support area. This a gold and copper mining company, the stock pays 4.5% dividend yield. I see gold going up in medium term, next year I believe gold will be trading around 2200 and will pull up this stock. I own this stock for the dividends and I believe is going to hit the 45 next year. I'm collecting the dividends while I'm waiting and also selling covered call at every correction. Good cash income if you're a little patient. I don't have a SL because a I use this stock for passive income.
NYSE:NEMLong
by ArturoL
7
Long $NEMMany traders have their eyes focused on spot gold breaking out. With gold miners near their lows, they are compelling trades. Two of the largest holdings within the gold mining ETF AMEX:GDX is NYSE:NEM and $GOLD. YTD performance: AMEX:GDX +5.6% NYSE:NEM -16.7% TVC:GOLD +0.29% During gold bull markets, NYSE:NEM outperforms AMEX:GDX and TVC:GOLD underperforms. For traders looking to get into the gold trade, NYSE:NEM is currently discounted to the ETF—this provides an interesting opportunity to get in if you missed the original breakout move.
NYSE:NEMLong
by OptionsEnjoyer
Where does my confidence lie ?People around have been asking me why I am bearish on gold and gold miners stock despite the war in Ukraine, Israel Hamas conflict in the middle east and even now, at the impending end of cycle rate hike by Federal Reserve. I am, on the contrary, very bullish on gold and gold miners' stocks, but not until a steep price drop in the near future. The sooner it drops the better, so that I can start accumulating gold miners' stocks. 2 months into the war in Ukraine by the Russian forces, Newmont Corporation (NEM) peaked at 86 USD. It caught my attention when I noticed a potential 'd' wave of an expanding triangle forming. I was reluctant to buy into the news of buying gold as a hedge against wars and inflation. I started to short gold miners at that point in time and slowly accumulating as it drops further. I have been using NEM as a proxy when it comes to mapping out my strategy in investing in gold and gold miners. A confluence of other miners, HUI, GDX, gold barrick, and DXY, comes into play as well. Taking a step back to view the chart of NEM since inception, I can't help but noticing a mega long double three elliott wave pattern (WXY) forming for more than 30 years since 1988 As depicted in my chart, an expanded flat pattern (W) from 1988 to 2001/2. A double zigzag pattern (X) from 2001/2 to 2006. Since then, it has completed a,b,c,d waves of an expanded triangle. It is now on its way to complete wave 'e' of the triangle. The next question to ask is is the 'b' wave of the abc pattern within wave 'e' completed ? Based on the confluence on gold and other gold miners price movements, most probably yes, . One will need a hourly chart to show the nuances of the 'b' wave which I am not discussing in this update. My price target for the wave e should be around 10 to 12 USD. Whether we will see a wave 'e' failure remains to be seen. It will catch many investors and traders alike off-guard when NEM reaches this price range. To quote from Warren buffet "be greedy only when others are fearful". That's when I will start to accumulate gold and gold miners' stocks. PS: this chart is plotted in a semi-log scale.
NYSE:NEMShort
by brown_maverick
1