Newmont Mining has been a bellwether of the gold mining industry for decades, producing thousands of ounces yearly.
It's also the largest component in the gold miner ETFs like GDX and RING. As Ron Burgundy said, "I don't know how to put this, but I'm kind of a big deal."
Over time, the company has been mismanaged and desperately needs a makeover.
Just look at Newmont Mining flirting with new all-time lows relative to gold:
We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.
That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.
We expanded our universe to include some mid-caps.
Nowadays, to make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.
I'm out of town this week. So in lieu of the usual daily note, we've arranged for guest posts written by each of the members of the All Star Charts research team.
The best short squeezes happen when sentiment is thoroughly washed out, and it's difficult to picture a scenario where things can get worse.
This is the playbook we've followed for some of our best trades this cycle. Just look at how we nailed the bottoms in Carvana and Coinbase in late 2022.
We think Walgreens Boots Alliance is setting up for a similar face-ripping rally like those mentioned above, and here's why:
It’s day three of the ASC Research Team covering for me while I’m away.
You've already heard from Sam and Louis. Today, you’re meeting one of our newest team members with a great trade idea for you…
Show him some love.
JC
Can't Miss This Trade
Hi, I’m Jason, one of the newest traders to join the All Star Charts team, and I’m pumped to be here.
Who in their right mind hires a guy who used to get paid to do backflips for a living?
Oh, right… JC would. Because, let’s face it, everyone needs a gunslinging CTA (Futures Trader) in their life.
My story? Not exactly what you’d call “traditional.” I started as a professional athlete and my great great uncle taught me more about trading and economics than he probably realized.
But life doesn’t always play fair. I took some hits, like rupturing my spleen, battling a bone infection, and going through not one, not two, but FIVE knee surgeries.
Our series of guest posts written by members of the All Star Charts research team continues...
Today's note is from our Senior Crypto Analyst. If you're not following what's been going on in crypto, you're missing out...
-JC
The Goalposts Are in Another Dimension
Kia ora!
I'm Louis Sykes, the Senior Crypto Analyst here at All Star Charts.
When JC casually dropped that he was escaping to Disney World for an entire week, I thought he was pulling my leg.
An entire week?
At Disney World?
As a humble Kiwi where our idea of a theme park is basically a few rides and a half-day commitment, this sounded like some parallel universe of leisure.
President-elect Donald Trump rang the bell at the New York Stock Exchange this week, and it was reminiscent of the times when Ronald Reagan and George W. Bush went to the NYSE years ago.
The infamous Reagan quote, "We're going to turn the bull loose," immediately came to mind.
Considering that, it seems appropriate to talk about bulls today because of their positive correlation to economic growth.
Live cattle futures and bond yields have danced together for decades:
