Buy $NEM on rare alert

Newmont mining may have just published a false breakout (FBO) beneath the recent wedge formed and the 50 Week MA. We received a rare block alert ahead of the final seasonality run into late February.

Comment:

Gold post election year seasonality shows we still have a shot at jumping into late FEB. The previous 12 years shows similar, though after the big drop in early January this has been completely violated.

Comment:

Remember that earnings are FEB 18, which I expect to be a complete blowout.