
TSE:NGT
This summary was created by AI, based on 1 opinions in the last 12 months.
Newmont Goldcorp, trading under the symbol NGT-T, has garnered attention as a strong player in the gold sector, particularly for American investors seeking safe havens for their funds. As one of the few gold stocks accessible on U.S. exchanges, it presents an attractive option for those looking to diversify into precious metals. Currently, it is experiencing significant volatility in line with other gold stocks, which may appeal to traders wanting to capitalize on those fluctuations. Experts recommend closely monitoring the stock, suggesting that investors might benefit from employing a trailing stop to optimize their gains while mitigating risks.
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.