
TSE:NGT
This summary was created by AI, based on 1 opinions in the last 12 months.
Newmont Goldcorp, traded under the symbol NGT-T, is experiencing significant movements in tandem with other gold stocks. It stands out as one of the few gold investments available in the US market, making it a popular choice among American investors looking to enter the sector. Experts believe it is worth monitoring closely due to its potential performance and the broader trends in gold stocks. They also suggest utilizing a trailing stop to manage risk as market conditions can be volatile. Overall, the sentiment around NGT-T indicates a cautious optimism, with investors encouraged to keep an eye on its developments.
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.