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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: Horgad who wrote (99722)1/31/2014 2:11:23 PM
From: LTK007  Read Replies (1) of 119360
 
NEM closing in on 12/2008 low of 19.17(100% retrace), its low in 2000 was 11.00.

2014 Guidance Looks Lower on Production and Higher on Costs. [Newmont] is breaking from its historical reporting convention and guiding on a consolidated basis, expecting production of 5.0-5.4 mln ozs at a cash cost of $740-$790/oz compared to our prior estimate at 5.4 mln ozs at $685/oz. The midpoint of guidance would suggest equity gold production of ~4.7 mln ozs vs 5.1 mln ozs for 2013.

Shares of Newmont have dropped 11% to $21.49 at 1:38 p.m. today, while Yamana has fallen 3.1% to $9.28, despite the fact that the SPDR Gold ETF ( GLD) is off 0.2% at $119.59. The Market Vectors Gold Miners ETF ( GDX) has declined 1.2% to $23.22.
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