Our prior analysis for Newmont (NEM) from January 30th, 2024 stated the following
- As claimed in our previous update, November 10th low is outside of our target in both time and price. Our cluster decomposition technique reveals two dates for the upcoming bottom: February 2nd and March 18th, 2024. Mathematical analysis of NEM confirms same price target at $30.5.
The actual bottom arrived on February 26th at $29.42 – a nearly perfect hit. We actually narrowed it down into this exact juncture as we were trading it. Since then the stock is up nearly 70%.
If you would like to find out what happens next, not only for NEM, but also for Gold/GC, please Click Here.