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TSE:NGT
This summary was created by AI, based on 1 opinions in the last 12 months.
Newmont Goldcorp (symbol: NGT-T) is currently experiencing strong momentum, paralleling the performance of other gold stocks in the market. Its unique position as one of the few gold stocks listed in the United States makes it an appealing option for American investors looking to diversify their portfolios into the gold sector. Experts suggest that the stock is on their radar and could be a beneficial addition to investment strategies. There is a notion of using a trailing stop, indicating that while the stock is performing well, there is also an awareness of the potential for volatility. Overall, Newmont Goldcorp is seen as a compelling option for those wanting exposure to gold equities.
ABX-T owns the majority of the joint venture and NGT-T owns about 40%. This is a deal that should have happened a long time ago. You had all these ounces that could be treated at a plant next door but you could not do that and it was not economic to do so at another plant. It shows some sanity to generalist investors. ABX-T did the best out of it.
Gold picks? He predicted gold would breakout and it has. Gold is way above its 20-day moving average. Interest rates are low, and there are many geopolitical problems, both of which are tailwinds. Gold is your friend. Agnico-Eagle and Newmont are the best picks, and he is adding on weakness. Gold is the place to be now, in a bull market.