Newmont Corporation NEM

Minus 5% today only wow

[ecolo101]

Do you want to add?  Gold producer but also copper zinc lead and silver.
all commodities are in the drum...Recession to come. Less free cash flow available. companies need to cut back on capex. Spend just what is necessary. 

share value is a big bargain right now but if we see gold dropping by 20% which would be only $1600 per oz. Then NEM to plummet.
at this point it is getting no fun for bag holders.
now some changes in their leadership team, WOW , we will have to wait a year or so to see something. The man or  woman of 90 days does not exist. 

it is a big boat and this year budget is already done, can they execute? This is the question.

glta

[HoneyBadger77]

This is the NEM and NGT shares wash out I've been waiting for!  Look at the technicals and trade volumes today setting up for a bounce soon.  My guess is we will pop back up a few dollars by end of day or once wallstreet has loaded up on cheap shares (keep selling retail...they will take all you can sell them) and then the shares can finally start moving up.  The Algos are just

[ecolo101]

Good thinking. Enjoy reading it.  05 05 2019 SP $cdn 40. Todays price $cdn 40.00 if somebody believe in the future grabbing a few shares for the next few sessions is probably a smart move. But where is the bottom? A big question. the dividend cut is hurting bag holders but for new comers it is a reasonable 3,2%.  I will have a few non alcohol beers just to refresh me of today's

[HoneyBadger77]

But where's the bottom you ask?  Ah, the million dollar question, or actually the Billion dollar question if you go by the value of the 30.6 million NEM shares traded today! Well it's never easy picking the exact bottom and trying to catch that falling knife can be painful.   But I can tell you with a reasonable degree of certainty that this stock is now a lot closer to the

[ecolo101]

Well said and written. I see this morning that they want to buyback shares for 1B$ over the next two year if authorities accept it. This will add to your theory and support share price increase over time,  let's hope for the best.  dyodd

[HoneyBadger77]

What a difference a couple of weeks make! Don't worry NEM / NGT holders, we've had a nice run but this is just a little consolidation so the institutions can grab the shares back that retail had bought at around the $46 CAD level in February.  If the stock price pulls back and the price of gold holds steady around this level, then it's just another buying opportunity.  A