Newmont

  • NEM

  • $53

  • -0.67%

  • $53

  • $53

  • $52

Ticker Appearances

Daily Technical Strategy
Thu, September 12, 2024 | 7:13PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Gold Miners likely play catchup

SHORT-TERM TRENDS TURNED BACK TO BULLISH FOLLOWING WEDNESDAY’S CLOSE ABOVE 5525, AND TECHNOLOGY HAS SNAPPED BACK WITH A VENGEANCE FOLLOWING ITS RECENT TWO-MONTH PULLBACK TO...

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Thu, September 12, 2024 | 11:59AM ET

⚡ FlashInsights

Thu, September 12, 2024 | 11:59AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
GOLD -2.52% is back at new all-time highs today, thanks to Jobless Claims coming in a bit worse, while CPI, PPI were largely in-line as expected. Thus, 10-year Real yields have declined roughly 3% this week, and both Gold and Silver showing strength in today's session, along with many stocks highly correlated to Gold and Silver. (NEM -0.67% ) for example is higher by +3.88% (GC_F) Keep in mind that the last six months have produced one of the strongest runups for Gold over the last six month period since 2020. Sentiment on Gold is growing more bullish, but does not seem overly speculative yet (Daily Sentiment index (DSI) readings were 79% as of last Friday. However the fundamental reasons for Gold might certainly argue for further gains based on out-of-control US Deficits (Nearly $2 trillion annually during a non-direct war and recessionary period) and Debts. Cycle composites show Gold likely rising into October before a peak, which lines up with weekly DeMark counts on GLD (which require another 3-4 weeks of gains to produce exhaustion) I suspect that 2600-2700 is in "the cards" and it's right to expect upside continuation based on today's breakout for this month
Tickers
Mon, November 27, 2023 | 10:07AM ET

⚡ FlashInsights

Mon, November 27, 2023 | 10:07AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
Hope everyone had a wonderful Thanksgiving Holiday- Precious Metals providing some early morning gains this week and Gold surging to highest levels since this past Spring- As discussed in my pre-Thanksgiving report last Tuesday, this rally back to new all-time highs should be underway and both Gold and Silver are attractive for gains into year-end- Gold stocks likeNEM -0.67%  andGOLD -1.00%  and GDX set to close at the highest levels since early October- Given the stallout in stocks like NVDA, AAPL, GOOGL of late, precious metals might very well outperform Large-cap Tech over the next few weeks- GLD -0.37%  andIAU -0.32%  are ETF vehicles for Gold, whileSLV -1.50%  is the IShares Silver ETF
Tickers

Daily Technical Strategy
Mon, August 7, 2023 | 6:24PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

SPX likely undercuts 4500 ahead of possible low this week

MARKETS HAVE ENTERED A WINDOW FOR A POTENTIAL LOW.  THIS COULD TAKE PLACE TUES-THURSDAY INTO THURSDAY’S CPI REPORT.  US DOLLAR AND US TREASURY YIELDS  LOOK...

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Daily Technical Strategy
Thu, July 27, 2023 | 8:24PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Quick reversal suggests a Short-term market peak is likely in place

US EQUITY MARKETS LIKELY COULD BE PEAKING OUT AND THURSDAY MIGHT HAVE OFFICIALLY SERVED AS THE TECHNICAL CATALYST FOR CONFIRMATION.  US AND EUROPEAN SOVEREIGN YIELDS...

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Daily Technical Strategy
Mon, July 24, 2023 | 6:56PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Emerging markets starting to gain more traction as China rallies

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL SHORT-TERM TREND CHANGE, BUT DO NOT EXPECT MUCH SELLING UNTIL AUGUST.  NEAR-TERM, AN SPX-4500-4620 RANGE MIGHT HOLD INTO...

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