Newmont CorporationViés de baixa
Newmont breaking out of the box and going lower
Atualizado
The Bollinger Bands contracting inside the Keltner channel predicts an explosive move ahead that will last at least 8 days. Combine that with Newmont's Price Action creating a box which looks like it's breaking through. I would not be surprised if there was a retrace to the top of the box later today if action is aggressive, or Monday morning - then it's Sayonara Sucka.
I've already detailed all the reasons why in my gold/dxy threads why miners will experience more pain ahead. I'm selling OTM calls and buying ITM puts with the credit here. If it goes up, it's a squash - if it goes down, excellent revenue to average in at a lower price until miners turn around.
I've already detailed all the reasons why in my gold/dxy threads why miners will experience more pain ahead. I'm selling OTM calls and buying ITM puts with the credit here. If it goes up, it's a squash - if it goes down, excellent revenue to average in at a lower price until miners turn around.
Nota
The only events that would throw off this prediction are in order of probability of happening:1. Nuclear incident in Zaporia Ukraine (since the reactor was turned off yesterday)
2. China invading Taiwan
3. Russia using tactical nukes or catching Zelensky
4. Cyberpandemic/Blackout
Nota
Jerome Powell just mentioned Volker 5x in his small speech. Real rates will end up crushing gold and miners. Beware!Nota
Fed's Mester: Still In Negative Real Rates, We Haven't Even Gotten To Neutral Fed Funds Rate - May Need To Take Rates Above 4% And Leave Them There
Nota
This guy's calling for a $20 target and he's pretty inpressive with calls.nitter.net/MacroStratChris/status/1561236170675200001
Nota
Retraced up to the bottom of the box - now we can experience our freefall. Hope you bought puts!
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