Miners Digging Deeper ($NEM)!

By: Smartpredictor | Mon, Sep 23, 2013
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NEM has been analyzed as a proxy for this Sector.

Our April 2013 post, $GOLD through the Eyes of Miners ($NEM), while predicting a bottom for GOLD on April 15th, 2013 said that NEM should hit its closing high in August 2013, a retest (or possibly a higher in October 2013), and then the secular down cycle should resume from there.

So far we have

Based on EW, we have calculated a target of 14.00-15.17 for NEM by August 2014. Print of 35 on a DAILY CLOSE would mean something else is going on.

Good luck!

NEM Newmont Mining Corp. NYSE
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Author: Smartpredictor


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