IKN

Win us with honest trifles

Newmont (NEM) earnings on Friday: Two reasons to take the under

Reason 1: Gold sales at Barrick’s JVs with Newmont were light in Q1:

Reason 2: Boddington costs may have been affected by the WA Covid outbreak.

8 Comments

    NEM -7%.

    Was it something you said..?

    😀

    Reply
    A Beaten Down Prospectors Cabin In The Woods The Deep Dark Woods of British Columbia 21/04/22 11:59 am

    An Old Wall Street Axiom …………….

    “Sell in May – And Go Away”

    Reply

      Except in 2016, 2019, and 2020 for the metals and miners it was more like “Buy in May and try to stay” : )

      Reply

        Semi-related, anyone else notice there was no “curse of PDAC” in March? And this year, PDAC has been set back until June? Spooky.

        Reply

    Damn good call. I sold some of my Barrick a few days back as think same could happen with them. Seems the entire sector falling off and overbought.

    Reply

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