Sometimes I go looking for bad news in an effort to double and triple check myself and my own perceptions and research. Sometimes I find confirmations or affirmations in the form of completely different data points by which to evaluate the current stance. Then there are other times, such as with this monthly chart of major gold producer Newmont (NEM) that just makes my blood run cold.I am putting this up in conjunction with an email update to subscribers because readers are not going to get what perhaps they (and I) want to hear. Not with this service. We have made great gains off the bottom, and I am not advocating panic. But how can people make right minded decisions without a well rounded picture?
The monthly chart of NEM is the first of what I would expect to be several to come that may not play to our bullish script. There is a theoretical 'C' down to the target. If you don't think it can happen...
