
TSE:NGT
This summary was created by AI, based on 1 opinions in the last 12 months.
Newmont Goldcorp (NGT-T) is gaining traction among gold investors, positioned as a leading player in the gold industry. As one of the few gold stocks available in the U.S. market, it serves as a primary investment choice for Americans interested in the sector. The stock has been experiencing significant movement, indicative of broader trends impacting gold equities. Analysts suggest that as interest in gold investments rises, Newmont could be a pivotal stock to watch. It may be prudent for investors to consider implementing trailing stops to protect gains amid volatile market conditions.
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.