Newmont Mining: Choppy Uptrend

Filed under: Newmont Mining (NEM), Stocks to Buy

The shares of Newmont Mining Corporation (NEM), first discussed here on June 3, 2009 at a price of $46.42, continues to move higher, but it's not been a ride for squeamish investors.



However, if you can tolerate volatility, Newmont still has the right commodities for globalization's third decade: copper and gold.



Look for Newmont to post a 10-15% revenue gain in 2010, on both higher production and higher average prices for copper and gold. Global demand should support copper prices, and currency market uncertainty (and low, real interest rates) will continue to benefit gold prices.

Continue reading Newmont Mining: Choppy Uptrend

Newmont Mining: Choppy Uptrend originally appeared on BloggingStocks on Mon, 24 May 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=2a5622fa71a1f64b5050b4a169f0b7a2