Founded in 1921 and located near Denver, Colorado, Newmont Mining Corporation (NYSE/NEM) is one of the world’s largest gold mining and producing companies with operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand, and Mexico. The company employs 34,000 people. Newmont is included in the S&P 500 Index. In 2007, Newmont became the first gold company selected to be part of the Dow Jones Sustainability World Index.
Commodity prices have been heading lower on the charts.In fact, it has been an awful few days for gold as prices plummeted, failing to hold $1,500 an ounce.Prices dove right through support at $1,400 to $1,385.62 on Monday—the lowest level since 2011.The shiny yellow ore is in a bear market. Down 27% from its magical peak of $1,920 in. Read More
Gold and silver are currently taking a breather on the charts, but if the global risk holds, I wouldn’t be surprised to see a rally in the precious metals this year.I can see gold breaking to $1,800 an ounce, something that nearly materialized on October 5, 2012, when the price of cash gold traded at $1,795.78 prior to slipping. In fact,. Read More
While the stock market rallies on optimism towards a resolution to the fiscal cliff, I feel traders are ignoring the problems of slowing growth in corporate America. The reality is that the fiscal cliff will be resolved or the deadline may be extended, but President Obama will need to fix the massive national debt, while also getting people. Read More
There’s been plenty of talk around here regarding gold and whether the precious metal is heading for $2,000. In my view, the current global risk will support and drive gold higher. (Read “The Stock Market Event You Need to Guard Against Right Now.”)For any gold investor, the question is whether to buy the physical bullion or gold. Read More