Newmont Mining (US) (NEM-N)

Likes it, but buy Barrick instead. The gold stocks as a whole are hot.

The USD and gold price The debt clock in Times Square will hit $30 trillion in a couple weeks. If you can't get bearish on the USD with that, he doesn't what will. He was wrong--he thought the USD would continue to slide since last fall into this spring, but it's obviously bounce--but the bounce is temporary, he thinks. The dollar will continue to fall, which will benefit metals. He didn't think gold would fall down here, either, but at least gold has held the low of June 2020. In this space, Newmont around $57 off last summer's $70 looks interesting.

(Top Pick Oct 26/15, Up 91.64%) For three years in a row they killed gold stocks. It worked out fabulously well. It went up to EBV +3, where they trimmed their position. There is a 13% downside to his model price.

(A Top Pick Nov 25/14. Up 10.1%.) *Short* He hates gold in general. Gold prices in US$ does not do well.

The model price is 24% lower than it is today. It is a stock in conflict t. The analysts and the street are negative. Put it away. Day to day you can`t look at it.

*Short* Hates gold companies and gold prices. We are in for another decade or more of disappointment. This is one of the few material names in the US, so it is widely held by generalists, but what it doesn’t have going for it is growth. Has had no growth for years. Huge issues with debt at $6.8 billion. It needs to spend roughly $2.6 billion over the next year or so, just to maintain production. If the Swiss don’t vote for gold to be backed by the central bank reserve, then gold will be under pressure and gold stocks will be very, very weak. Yield of 0.51%.

How much worse can it get. It will eventually go up with gold. He is encouraged by what is going on with gold. Prefers one of his top picks for a gold pick.

Model prices $28.18. Gold stocks are very hard to predict. As the price of the SPDR Gold ETF (GLD-N) goes down, the pressure on gold stocks is enormous.