NEM – Newmont Mining (Last:46.36)

Newmont Mining (NEM) price chart with targetsWe’ve been looking for a way in, and it could come soon if price action traces out a path similar to the one shown in the chart. Buy 400 shares on an ‘X’ signal, or four June 50 calls.  I’ll establish a tracking position if at least two fills are reported in the chat room. _______ UPDATE (10:27 a.m. EDT): Newmont’s dramatic, criminally rigged swoon afforded no easy opportunity to get long this morning, since the 45.22 low failed by 26 cents to reach a 44.96 Hidden Pivot where we would have been looking for the turn. The action is ostensibly bullish, but not sufficiently so that we should let down our guard.