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Newmont Corporation (NEM)
NYSE - Nasdaq Real Time Price. Currency in USD
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6,236 reactions on $NEM conversation
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Here is my take on gold and its intimate relationship with interest rates. Anybody with a pulse that has been paying attention has got to figure that tomorrow, on Wednesday 05/04/22, the Federal Reserve is going to raise the discount rate by ½% or 50 basis points. That brings the Fed Funds rate up to 1%. They may signal that for the future that there will be another rate hike in June for another 50 basis point hike. I heard some governors at the Fed have set a target of 3.5% by the end of the year. Remember that inflation is in all reality well over 10% despite official measurements. Without interest rates going positive, inflation will not stop. OK, here is the nitty gritty. The rest of the world is not raising interest rates, and that is why they are buying the US dollar being pressured higher, and why gold is getting pressured lower. The Euro is going to continue lower, because they want to bolster employment. Here is the real problem. We are not going to get to next year before the recession occurs. That recession that has been forecast by some to occur next year, is going to occur later this year (we already had negative 1.4% GDP growth). The Fed will stop raising rates and go back to QE protocol. The dollars that were bought by FX traders, are going to be sold. The dollar will drop and gold will go up. I know that I am way out on the limb here, and likely to be eviscerated later this year if wrong, but if I am right, will anyone give me credit? Probably not. Bottom line is to think for yourselves. That was the primary purpose of the communication.
Trying to understand the gold market is frustrating and almost an exercise in futility. That is because we are on the outside of global power, not within. We are individuals, and perplexed that our government is not responsive to our need for common sense and action in the best interests of our republic. Conspirare is a latin word, and the root of the word conspiracy. It means essentially to breathe as one, to act as one. Is there a Washington establishment or a shadow government? I would argue yes! High level cabinet positions and key government posts are most often filled by trilateral commission members. The last I heard, the trilateral commission was composed of around 415 active members, and only about 120 are from north America, fewer yet of this group from the United States. Yet this group “breaths as one” and has control over some of the most critical departments in government. Imagine group members from Europe, Asia, Japan and other countries having part of the group influence that controls your supposedly duly elected government. Within this mysterious secretive group are some of the most powerful and wealthiest people on the planet. At the apex of the pyramid are the big banking interests. They control your currency, and to these money changers, gold is a shackle or hindrance restricting their control over global FX money supply. So, if you trade in gold, don’t become frustrated, but rather understand that you are playing in a sandbox owned by the big banks and globalist interests. To some this sounds like wacko remarks and time for the aluminum foil hat, but I assure you that people like Hillary Clinton, Bill Gates, George Soros, etc. understand what you cannot see.
It really beats me a bear market punished gold stocks day in and day out.
I buy gold for safety I buy gold for inflation I buy gold because it’s real money.
I think investing with Bernie Madoff makes more sense than gold. Inflation rampant, world in chaos, and gold price falls off a cliff? Gimme a break.
SMTS, Sierra Metals, may be of interest now. Noted investor Cooperman now owns around 18 million
shares of the company - per Fintel.
Ughhhh...~ two weeks ago, NEM at 85-ish, today with _No Change_ in the Fundamentals, NEM is down 15 points (almost 20%), Thanks, Klown World!
At today's cloing price NEM is currently -23.46% below its intraday high of $86.37 that was reached on 4/18/22 (i.e., NEM is itself in a bear market -- and has been since the last two weeks, like many other gold miners). Hope you all took the opportunity to sell into today's bear market rally.
Remember in 8Os when we guaranteed 68-handle wurst case? Overshooting here so no heroes please! Let it come to you!
Looks like just about every miner across the board got hit, not just NEM. Yet gold remains at $1,952 during the after hour trade. I think we have elephants playing in the sandbox again.
Why does Newmont donate $5m to Ukraine? There are no gold mines there. Why not donate more $$$ to areas that would enhance the neighborhoods around Newmont mining operations?
Seems that NEM is not doing as well as say AEM, GOLD snd others. Thoughts?
We have been asked to opine, given our prescience in miner lore ....To answer, no, we do not see 62 area being touched in next month but our indicators keep flashing 68-handle as wurst case. Maybe 66-handle. Regardless, our BAse is mostly cash and net short miners. PAtience. Patience.
We will take 25% position long at 68 area. Glad to have gotten pips out of this name at 83! And glad to have given pips a 3O buck ride UP to 83! (non)Bagholders in miners should be at least 8O% cash by now after booking massive gains per our models.
Well well.. AH it was $3 higher at 1 point.. Big move up for gold on Sundae Night Live
looks like a miss
Report Date 04/22/22
Consensus Estimate EPS
(16 Analysts) $0.71
Estimate Low/High Range $0.58 / $0.78
NEWMONT ANNOUNCES FIRST QUARTER 2022 RESULTS
* Q1 REVENUE ROSE 5 PERCENT TO $3.0 BILLION
* Q1 ADJUSTED EARNINGS PER SHARE $0.69
* Q1 EARNINGS PER SHARE $0.54 FROM CONTINUING OPERATIONS
* QTRLY AVERAGE REALIZED PRICE FOR GOLD WAS $1,892, AN INCREASE OF $141 PER OUNCE OVER THE PRIOR YEAR QUARTER
* QTRLY ATTRIBUTABLE GOLD PRODUCTION 1.34 MILLION OUNCES VERSUS 1.46 MILLION OUNCES
* QTRLY GOLD ALL-IN SUSTAINING COSTS (AISC) $1,156 PER OUNCE VERSUS $1039 PER OUNCE
* NEWMONT ( NEM
)-2022 OUTLOOK ASSUMES $1,800 PER OUNCE REVENUE GOLD PRICE FOR CAS AND AISC TO REFLECT HIGHER COSTS FROM INFLATION,ROYALTIES,PRODUCTION TAXES
* NEWMONT SAYS IN 2022, ADDITIONAL 5% OF COST ESCALATION IS INCORPORATED INTO DIRECT OPERATING COSTS RELATED TO LABOR, ENERGY, AND MATERIAL AND SUPPLIES
We are very proud and gratified to inform pips that, in 5Os, that this miner was the only one with 8O:20 reward: risk and MUST be bought. And then at 83 area we said it MUST be sold with 73 area guarantee. We published this educational data in REAL time AT the time! We only see max downside of 68 area but 73 was a certainty. All published. All Genius. ALL TRUE.
We saved you from massive 1O-point losses here (83 minus 73) (and GAVE you 30-point gain) but you should wait for our Genius Word before going back in long or shorting some more. Money is too hot now. Wait a few trading days and THEN we will tell you what to think!! Sit with cash here.
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