Newmont Mining(NEM) & Newmont Gold(NGC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Amelia Carhartt who wrote (11)	6/11/1998 5:17:00 PM
From: Broken_Clock	Read Replies (2) of 587

I think $16 is the next floor down but I wouldn't count on it. Looking at a very long term chart shows support very near current book value of $10.50. If NEM hits that level, I'd hate to see where the DOW will be. I know that just about 90% of the investors in the market will be broke by then precipitating a major depression. I think the Asian economies(anything east of Germany or south of France) are within a heartbeat of that phase right now.Watch Asia tonight for a sign....Nikkei at sub 15,000 is a major bummer for the world as japanese banking system goes belly up.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next