It looks like Gold is heading to all time highs, above $4K, minimum. There is additional leverage in Gold Mining shares and in particular, Newmont Mining. Gold miners offer even more upside insofar as they are likely to report much higher earnings in July and again in October. Newmont is reporting after several quarters of taking earnings hits due to recent acquisitions. So a double whammy for NEM is coming, first from higher gold prices and second, from what should be comparatively stellar earnings. Nonetheless, what I like best about NEM are these two charts: Gold Futures - Long Term Projection Dual breakouts are suggesting a continuing ramp higher in both Gold and NEM NEM Daily - Intermediate Term Projection = $75 - $100 The Sep 19th NEM $60C is trading at about $2.50 and is projected by the dual breakouts to be much higher, to $15 (6X) if NEM achieves mid-$70's before Sep monthly expiration (99 days). A run to triple digits for NEM is possible, a 15X return in the Sep $60C, or 20X for the Sep $70C. Buy the NEM Sep $60C on NEM move above $56.50.
