Newmont Corporation NEM

Just a Little Correction - $3,000+ Gold Price On Tap

[HoneyBadger77]

Imagine what Newmont's share price will be when gold is at $3,000+,  Rosenberg is just another of a long list of economists / analyst who see gold prices much higher than they are today.  In fact, at least 29% higher!

Yet it's interesting how all, or at least most gold stocks are trading up right now even as gold is down around $10 bucks yet Newmont got pounded down first thing this morning and has been struggling to get into the positive.  Guess they're hoping for some negative Q1 results in a couple days.

Gold prices have another 29% upside as China's central bank continues its buying spree, famed economist says (msn.com)

HB77

[ecolo101]

Q1 results are out. If you look at the line of average realized gold price for the first 3 months it is $2090. with gold price at above $2300 now, this will be $300 per ounce profit on the bottom line for Q2 if it hold the line. Newmont is well positioned for 2024. the timing is right now. dyodd glta