Photo by DAVID GRAY / AFP) (Photo by DAVID GRAY/AFP via Getty Images
Gold has risen in March, despite the month being the seasonally weakest of the year. Price is likely to run to $2050 in April. The monthly gold price cycle below points to higher prices into June, at least. June then begins a period of seasonal strength that runs through September.
Gold Monthly Cycle
The gold cycle points higher into June.
Newmont Mining is poised to outperform into mid-April. Seasonally, this is a favorable time of the year for the stock. Note that the monthly cycle which has been accurate on all four buy signals over the last year is in a positive mode. The share price is likely to rise back to the $55 area in April and higher into September.
Newmont Mining-Daily
The stock is due to run at the $55-$60 level.
Newmont Monthly Cycle
This accurate cycle points to higher prices over the next month.
Source: https://www.forbes.com/sites/greatspeculations/2023/03/19/stocks-this-week-buy-newmont-mining/