Newmont Corporation (NEM)
Date of Update: September 3rd, 2024
Our mathematical and timing analysis for NEM suggests the following……
First, let me just mention that thus far NEM has played out perfectly or as per our prior forecasts.
- NEM is moving towards its mid-cycle composite top expected to arrive on Aug-05-2024 with a cycle variance up till the end of December 2024.
- For the actual mid-term top we have better targets. There are three strong X-clusters arriving at the end of October. We think that NEM will top out at that juncture.
- As for the price targets, we have a point of force at $57.93 and an important energy level at $66.5 +/- $1. Note, however, that if NEM crosses the $57.93 level, it will then likely cross above $67 and then shift to the next point of force located at $75 +/- 2.
In summary, NEM confidently moves towards our first target of $57.93 where we anticipate a top in late October. Having said that, if NEM crosses above $58, it WILL likely shift to the next point of force located at $75.
Date of Analysis: January 30th, 2024
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.
For the top, the cluster decomposition tracked a pretty strong cluster for November-December of 2024. Our geometric analysis shows higher targets at around $149 +/- $3.
Newmont Corporation (NEM) – Targeting Analysis
Date of Analysis: November 16th, 2023
NEM is approaching its target area in both price and time. The exact target is located at $30.50 (+/- $3). You will note that November 10th bottom was just outside of this target area. We continue to believe NEM will hit closer to its center of gravity of $30.50 before the bottom is put in place. We are looking at November 30th and December 15th as two TIME possibilities for this bottom. Once the bottom is put in place, it is possible NEM runs up to as high as $122 by August of 2024.
We are actively monitoring the situation and will update you when need be.
Newmont Corporation (NEM)
Date of Analysis: July 18th, 2023
This is very exciting. We are adding Newmont Corporation (NEM) to our fast movers roster. Hence, the analysis below is a bit vague by design. We do have exact Time/Price projections, but we are not sharing them in this forum for obvious reasons. A quick summary…….
- NEM will bottom later this year in the $30 range.
- Once the bottom is put in place NEM will surge much higher by mid 2025. If you recall, this is consistent with our overall US Dollar forecast.
If you would like to see exact time/price targets for NEM, and I highly recommend that you do as a very large and risk averse ROI awaits, please do let us know at alex@4-dcapital.com
