New Look at Newmont Mining
Shares of the SPDR Gold Trust (GLD) are up 6.5% on the year and down about the same over the past three months, while gold mining stocks have significantly underperformed the GLD in the same two periods. There are a number of complex macroeconomic speculations for the behavior of the GLD, but a simple technical condition on the chart of Newmont Mining (NEM) sets up a trading opportunity.
Newmont Mining (NEM) Source: StockCharts.com View Chart » View in New Window » ...173 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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