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Newmont, Barrick Gold Mining Stocks Have Rallied. They're Still Cheap
Investors can't seem to get enough of gold. So far, they have mostly shrugged at mining stocks such as Newmont and Barrick Gold, but if the precious metal continues to rally, that is likely to change.
The market continues to digest the prospect of the US presidential election after Biden withdrew, and gold has fallen below $2400.
Due to traders weighing the decision of U.S. President Biden's withdrawal from re-election and what this means for the chance of Trump returning to the White House, the price of gold has slightly declined.
Check Out What Whales Are Doing With NEM
Whales with a lot of money to spend have taken a noticeably bullish stance on Newmont.Looking at options history for Newmont (NYSE:NEM) we detected 8 trades.If we consider the specifics of each trade,
Gold: Positioning Risks Skewed to the Downside – TDS
A reversal of the Trump trade threatens Gold bugs, TDS senior commodity strategist Daniel Ghali notes.
Are Basic Materials Stocks Lagging Newmont (NEM) This Year?
Is Newmont (NEM) Stock a Must-Buy Ahead of Q2 Earnings?
SPACELIGHT : Talking heads.
smoothshoe : Kamala will have the same policies because they are being set by Bernie Sanders. I'm staying away from Democrats and voting for Republicans. Right now, the Democrats can't be trusted.
151453268 witso : America cannot afford another four years of cackling Kamala. Tech has been propping up the economy saving the economy from dying a faster death by depreciation. Big genies need to be let out of the bottle to see where they fit ie Bitcoin . Trump as a business person steering the ship, will most likely use his tools such as protectionism to try and make America great again there is no doubt i think could be a lot worse
The “trench” : We know who really runs the country. Started in the 1950s or earlier with Franz Ferdinand. Speaking of that you could do a 1950s day.