Long Awaited

Yesterday, Newmont was hanging on, trying to post higher after its failed breakout.

Today, could be the day where it continues down (not advice, not a recommendation).

With about thirty minutes before the open, NEM is trading slightly lower.

Newmont Mining, NEM, Daily

There’s a lot going on in this chart.

Note how the ‘wide high-volume bar’, has been tested. It took eight months to do it, but it happened.

Gold (GLD) is still near all-time highs, yet Newmont, is far below its all-time high; about -33%, (from April 2022).

Currently short this sector via DUST, as DUST-25-04, with stop at or near yesterday’s DUST low of 24.69 (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279