Newmont Mining Share Price (0R28)

Share Price here has risen significantly through out the year at almost 3 x time the rise in gold on a leveraged basis.

As the recent POG has had a pullback of approximately 8% ( which is healthy imo for the longer term trend) you can't expect a leveraged play not to experience some draw downs in price over the past week.

All the Gold miners are in the same boat atm

Barrick

Agnico Eagle

Franco Nevada

Wheaton Precious Metals

All similar charts throughout 2025.

As gold and Silver take a much needed breather from their recent rapid rises, the miners also need to take a pause for breath.

Personally I'm happy it paused for breath at c.$4400/oz as had it just kept rising into bubble territory the pullback would have been savage.

Imo it's simply undergoing a healthy price discovery in the market which is still highly profitable for miners.

If we start to see a weaker dollar, rate cuts, rising trade tensions then gold will be off to the races once again.

I'm a gold bug, but it is a strange situation to want to be cheering on the things that will lead to much higher gold prices in the near term.

A world where gold quickly hits $10,000 would be worrying.

If we see $25,000 as some predict is possible by 2030 then some major structural changes will have come to pass in the Western monetary and financial system which while those may be seen to be good for everyone who is lucky enough to have squirrelled away some gold will inevitably be really bad for just about everything and everyone else in the West.

Earnings in Q3 2025 exceeded estimates by a margin of 32.56% and the share price rises only by 1.6%. Have I missed something here?

Https://www.benzinga.com/markets/earnings/25/10/48393130/newmont-stock-slides-on-q3-earnings-the-details

Bit of drift in after hours.

Still (+ 131.72%) year to date

Have taken an opening nibble here. A falling knife, among many, many, falling knives across the Pond, at the time of print.

Much further to drop, IMO, but I wanted to retake some skin in the game. Have a few more buy orders in mind, but will reflect more before setting them.

It currently feels like it might be a similar showing to that of late December 2018, but equally, these things can also blow over just as quickly as they came in. GLA.

I love the concept of crypto currencies and would not consider myself tribal in terms of the PM space either.

However, having listened to a wide range of intelligent and successful investors in the past few years...the lack of consensus on cryptos, by people far smarter than me, crypto bulls and bears, has led me to keeping away from that space.

Ultimately, I still cannot understand how something that is basically digital code, nothing more, can reliably retain value.

Or indeed even how one can ascribe a value to it, beyond simply someone being willing to pay you more for it than you paid, sooner or later.

There is nothing, even in the digital darling (Bitcoin), that cannot be replicated, or even improved upon, that I can see.

So I keep coming back to the conclusion of it being the greater fool theory.

But trading it along those lines has been very profitable for some and looks like continuing, for some time to come.

So I certainly would not criticise or mock those who choose to do so.

Because you either make money or you lose money. Everything else is noise. GLA.