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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC) -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (558)11/29/2002 3:22:01 PM
From: Broken_Clock  Respond to of 587
 
Keep an eye on the weekly trend line. Also, Dollar(DXY) has to break and hold 109 for gold to super tank below 300 again. That would be a great buying opportunity IMO.



To: Tommaso who wrote (558)4/29/2003 12:02:40 AM
From: Broken_Clock  Read Replies (1) | Respond to of 587
 
Still long?

I am preparing to re-enter NEM .. likely within the next 2-3 months. I'd like to see $18 but that may be wishful thinking. I'd be happy with $20-24.

I was looking at MDG but it has twice the shares outstanding as NEM but not nearly the gold reserves underground. NEM looks to be the play...still.

I am thinking when the DOW finally washes out NEM could see $60 again.

I like the NA miners because I believe the sinking buck will affect them in a more positive fashion...than say the SA miners or Canadians.