$AEM - let's look at the big picture shall we? Annual chart. 26 year bull flag / 16 year IHS combo. Earnings on deck. Newmont had a big day if we havent seen yet 😂😂😂
For all the people that think me swearing off Newmont in favor of AEM, KGC and WDOFF back in February was some sort of 'contrarian' indicator....THIS news is an actual contrarian indicator.
Everyone is talking about $NEM (Newmont) today and we agree - what a beautiful candle! But what it really shows us is the reaction of investors and miners to the higher Gold price. Profitability is obviously increasing immensely with current prices and there's a big catching up…