2022-09-06

Newmont

Newmont dinged support last week. I've always believed that at some point, a dollar-positive currency crisis would benefit gold because at some point, people will assume what is happening to the euro, yen, yuan and so on will spread into the U.S. dollar. Or some fraction will prefer gold to the dollar.
If going with GDX or some other fund, use the 52-week low for a stop.

Note that gold has a very open chasm should it drop to the downside. But if I'm wrong about the downside, then miners are probably bottoming here on currency risk.

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