Miners Digging Deeper ($NEM)!

By: Smartpredictor | Mon, Sep 23, 2013
Print Email

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
Larger Image

 


 

Smartpredictor

Author: Smartpredictor

SmartPredictor

At Smartpredictor, we believe in a completely objective approach to the markets and our methods outlined here is a partial showcase of the same. Our flagship service is Smartpredictor system, a neural net based on Elliott Waves, Cycles and Mathematical Techniques. It is a 100% mechanical system that is capable of producing CIT (change-in-trend) for $SPX at the hourly, daily and monthly level. The neural also produces Price projections at these three degrees of cycles. Smartpredictor being a neural net is visual in nature, hence it gives an objective and look ahead approach to trading markets.

Smartp Risk Models is another objective approach in our arsenal and we use it in conjunction with our Smartpredictor neural net for validation and reinforcement. Smartp Risk Models are meant to track portfolio risk for the financial instrument at GSC/SC/Primary Cycle Degrees (9 months+). Since these models are statistical in nature, they can be produced for any asset (stocks, commodities on indices).

Smartp Cycles - Smartp methods can also reveal cycles for any stock, commodity and index for the current or future year as well. We will be showcasing this feature in a future article as well.

Please write to us if you would like more information about these methods or Smartpredictor in general please write to us at info@smartpredictor.com or visit us at www.smartpredictor.com. These models assume that the direction is from BUY to SELL SHORT. Scale basically means risk to your longs or risk to your shorts in % terms.

Disclaimers - Smartp Risk Models are a statistical portfolio risk model built for educational purposes only and is not an investment advice or invitation to trade. All of the disclaimers pertaining to investing and trading based on Smartpredictor services or products apply as in here http://www.smartpredictor.com/smartpterms.html.

Copyright © 2011-2013 SmartPredictor

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com