Bruce,
NEM fell 4% last night but not as bad as many other US gold stocks I track ... they fell (5%-9%). NEM has next long term support at between US$30-$31 ($30.50). This will be the line in the sand that makes or breaks this trade. I personally think it was oversold today and will bounce next week. I am still looking for AU$5.05 to break and hold for a few days, although a contrarian investor might be tempted to pick a low around US$31 and buy in then ;)
The price of gold fell some $5 in the US last night. This might cause a sell off in shares today but gold is still good technically and in an uptrend. It's 200 day MA is the key here and if it breaks $340 for a few days I say gold is going much lower but IMO it won't crack the 200 DMA. By Friday gold will have recovered to levels we were at yesterday, huge call but I stick by it.
And by the way gold will not hit $300 for years, many years that is!
http://stockcharts.com/def/servlet/SC.web?c=$gold,uu[w,a]dallynay[df][pb50!b200!f][iUp89,21,55]&pref=G
- Forums
- ASX - By Stock
- NEM
- newmont about to break out?
newmont about to break out?, page-5
Featured News
Add NEM (ASX) to my watchlist
|
|||||
Last
$76.26 |
Change
-0.300(0.39%) |
Mkt cap ! $10.37B |
Open | High | Low | Value | Volume |
$76.10 | $76.67 | $75.93 | $15.11M | 198.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45 | $76.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$76.27 | 18 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 58 | 76.260 |
4 | 145 | 76.250 |
4 | 148 | 76.240 |
3 | 275 | 76.230 |
4 | 62 | 76.220 |
Price($) | Vol. | No. |
---|---|---|
76.300 | 105 | 5 |
76.310 | 35 | 2 |
76.320 | 89 | 4 |
76.330 | 90 | 4 |
76.340 | 29 | 2 |
Last trade - 15.02pm 29/08/2024 (20 minute delay) ? |
Featured News
NEM (ASX) Chart |