CA - Looking For A Spark: Newmont Corporation (Technical Analysis)

2024-03-08 08:00:00 ET

Summary

• Precious metals and precious metals miners are poised for a potential rally, as sentiment appears ripe.
• The ratio of miners to the price of gold is becoming more extreme, indicating potential undervaluation of miners.
• Newmont Corporation is a company that shows signs of a turnaround and potential for growth.

Contributed by Mark Malinowski, produced with Avi Gilburt.

Introduction

Precious metals and precious metals miners are on the cusp of a run. I won’t attempt to predict the future, using a crystal ball. Nor will I ever guarantee that there will be one more low or not. There is no confirmation that the next rally phase, which permabulls have been predicting over the last two years, has already started....

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