27 replies to this topic

[senorBS]

to 50-52 first stop, taking whole enchilada sector norte grande. BS all the way Senor

[SemiBizz]

http://bigcharts.mar...&mocktick=1.gif



Volume Spike high from 9/11 is why it is holding here. Going to need a lot more volume. We'll know soon enough if this sideways holding pattern is due to distribution or accumulation...

[johngeorge]

Thank you for your BS Senor. Below is another look at NEM.



Newmont Mining (NYSE: NEM) Climbing A Wall Of Worry Says Market Timer Frank Kollar

December 12, 2006 (FinancialWire) (By Frank Kollar)

Shares of Newmont Mining (NYSE: NEM) have been slowly climbing out of a 35% correction lasting from January through September 2006. Is it time to buy this volatile gold mining stock?

Newmont predominantly operates in a single industry, namely exploration for and production of gold. Its major operations are in Nevada, Peru, Indonesia and Australia/New Zealand and it has two development projects in Ghana.

Newmont is now just below the 50% retracement of its huge 2006 loss. This level is critical to future gains. If Newmont can close above $48.17 in coming weeks, we would then expect the current advance to quickly reach $50.13. A close above $50.13 would point to $52.93 in coming weeks.



Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.

[Sentient Being]

I had just noticed NEM and came by the gold board to see what people were thinking of gold. Momentum is strong and trending up, the 21 day SMA is now above the 50. Price is above the 21 day SMA. Next thing I'd like to see is NEM price move above the 200 day moving averge. I'm thinking about taking a position tomorrow for a longer term buy and hold...assuming price stays above say, the 50 day moving average. It looks to me as if money is flowing into commodities in general.

Edited by Sentient Being, 13 December 2006 - 08:19 PM.

[SilentOne]

I count nine days trading between $46.4 and the $47.80. Quite unusual for a PM stock. And outperforming the HUI I might add.

cheers,

john

http://bigcharts.mar...&mocktick=1.gif

Edited by SilentOne, 14 December 2006 - 09:39 AM.

[price-and-volume]

Im seeing 49 as a huge magnet that will be tough to get through...

Trendmagic

http://stockcharts.c...2480&r=3916.png

to 50-52 first stop, taking whole enchilada sector norte grande.

BS all the way

Senor

[Woody]

to 50-52 first stop, taking whole enchilada sector norte grande.

BS all the way

Senor

Maybe its a time frame thing but to me looks like NEM has badly underperformed GDX since at least May 2005, and underperformed SPX through most of 2006 with a marginal improvement since OCT which may just be part of an oversold bounce rather than a new trend.......


http://stockcharts.c...9751&r=8955.png

[senorBS]

to 50-52 first stop, taking whole enchilada sector norte grande.

BS all the way

Senor

Maybe its a time frame thing but to me looks like NEM has badly underperformed GDX since at least May 2005, and underperformed SPX through most of 2006 with a marginal improvement since OCT which may just be part of an oversold bounce rather than a new trend.......


http://stockcharts.c...9751&r=8955.png

Whatever makes your tamale hot amigo. This is so obvious to Senor, but to each his own.

BSing away

Senor

[SilentOne]

Hi woody,

Maybe its a time frame thing but to me looks like NEM has badly underperformed GDX since at least May 2005, and underperformed SPX through most of 2006 with a marginal improvement since OCT which may just be part of an oversold bounce rather than a new trend.......

You may want to be on the lookout for a new overall trend in NEM. Steve Saville has been writing recently the fact that NEM has not enjoyed much benefit from high copper prices (having sold forward much of its production at $1.60) while GG for example has. He goes on to say that if gold now outperforms industrial metals (which is what I expect as well) in the next year, NEM should gain much more traction here, putting in a strong rise similar to the one enjoyed in 2003-2003.

Here's a possible count, at least to my eyes.



cheers,

john

[dharma]

hi john, couple of thoughs. nem is lagging. and it may be because of their south american exposure.paas is also lagging. i am fearful s. american capitalism is about to take 3 steps back i agree w/you industrial metals will lag going foward. i am looking for the cycle to bottom for the metals by the 26th @the latest. dollar bounce shouldnt go very far or last very long. the C wave should start tomorrow or monday. looking for xau 138. then look out above. dharma

Edited by dharma, 14 December 2006 - 03:27 PM.