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NEM: Bull or Bear?

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Bullish on NEM ... NEM

35%

+8.88% in 63 days (closed on 10/01/07) Dropped its hedging against gold, it's taken a beating this year, and is under valued, and recent run up in gold, makes its attractive. Continue reading »

NEM is a SELL NEM

4 %

-21.12% in 864 days Traders at Palma are Bearish on NEM www.palmaresearch.com/default.aspx?viewreport=NEM   Continue reading »

From the Blogosphere

ETF Movers: XLF, XLB, TAN, USO, GLD Up; FAZ, IYT, KRE Lower

ETF Movers:HIGHER:<> Financial Select Sector SPDR (NYSE: XLF) +0.7%. Up but off the day highs. Materials Select Sector SPDR (NYSE: XLB) +1.4%. Strength in commodity names it holds like Freeport McMoran (NYSE: FCX), Newmont (NYSE: NEM), and Alcoa (NYSE: AA). Claymore/MAC Global Solar Energy (NYSE: TAN) +2.1%. Solar names reacting positive to jump in crude United States Oil (NYSE: USO) +1%. Big draw down in crude inventories and inflaiton fears <>SPDR Gold Shares (NYSE: GLD) +0.6%. Gold continues to make new highs on fears of depreciating world currencies, including the dollar.LOWER:<><>Direxion Dail... Continue reading »

Newmont’s Profit Picking Up – Analyst Blog

38%

Gold producing company Newmont Mining Corporation (NEM) recorded a net income of 79 cents per share in the third quarter, beating the Zacks Consensus Estimate of 60 cents. Year on year, earnings grew by a robust 88% on strong gold and copper prices as well as lower costs. Revenues for the quarter climbed 50% to over $2 billion, driven by a 29% rise in gold sales to $1.6 billion and about a fivefold increase in copper revenues to $396 million. Newmont sold 1.7 billion ounces of gold in the quarter, up 15% year over year. The company sold 141 million pound of copper compared with 44 mil... Continue reading »

Newmont is still mining the right commodities

Filed under: Newmont Mining (NEM), Stocks to Buy Newmont Mining's (NYSE: NEM) stock continues to meander, despite an average, higher price for gold so far in 2009. The primary culprit? An average, lower price for copper. Still, with a likely FY2009 revenue gain of 6-7%, I'm Reiterating my Buy rating for the company, first recommended on June 3, 2009 at a price of $46.42. Continue reading Newmont is still mining the right commodities Newmont is still mining the right commodities originally appeared on BloggingStocks on Tue, 29 Sep 2009 09:00:00 EST. Please see our terms for use of feeds. <><>Permal... Continue reading »

Guns and gold tell the story on the economy

Filed under: Good news, Barrick Gold (ABX), Newmont Mining (NEM) When gold miners and gun-toters lag the broader economy, it's usually a good sign that conditions are on the mend. Both sectors outperform when times were tough, but this year, their growth has slowed relative to the market has a whole. <>The S&P 500 index has gained 57% since March 9, 2009, according to a USA Today report, while Barrick Gold (NYSE: ABX) and Newmont Mining (NYSE: NEM) are up 36% and 21%, respectively, for the same period. Smith & Wesson (NASDAQ: SWHC) is up 30%. Again, these are definitely respectable results, bu... Continue reading »

Disappointing Quarter for Newmont

28%

Newmont (NEM) reported second-quarter net income of 33 cents per basic and diluted share, which was marginally below our expectations. Continue reading »

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