Newmont Mining Corp (NYSE:NEM)
A gold producer, engaged in the exploration for and acquisition of gold properties. The Company has operations in the United States, Australia, Peru, Indonesia, Canada, Bolivia, New Zealand, Ghana and Mexico.
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strong technicals
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will be first out of the box when gold shoots up due to institutional purchases.
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due to "Temporary Illusional Bliss Syndrome" the market is choosing to ignore the obvious and is climbing to new highs. It is another case of "lure them in and then rob them blind" as the big money grabs profits and sells out, leaving the rest to ponder what went wrong.
Newmont Mining is a no brainer, the stock is down far from record highs, and with the world in such a state of disaccord gold is set to move upward at every hiccup.
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Dollar down, gold up.
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probably should wait until after the Nov election; but bush seems ready to go to war with Iran--either b4 election or between Nov and Jan(new Congress)
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The gold standard of gold stocks. I always try to keep at least 5% in precious metals. The stock is near a 52 week low, the market is near all time highs, inflation is thought to be tame.. That's when you want to be adding precious metals.
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NEM strong company, Gold 700 buy year end. NEM is the 1st company to profit in the next small leag in Gold.
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The choice for metals mining
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weak dollar and metal scarcity
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Gold stocks will outperform
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A major gold mining stock who will benefit if you believe gold price has still to rise significantly in the near & long term.
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NEM has a good track record for staying inb thew forefront of gold mining .
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With operations throughout the world and gold on the upswing, a good place to park some dollars.
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