NEM has a favorable technical setup; breaking above the Jan/Feb double top opens upside potential.

Now let's talk about a stock that I've talked about a lot in relation to the gold mining sector, which is Newmont. We have seen good growth across the sector over the past fifty-two weeks.

This stock rose by nearly 70%. So, what are your expectations regarding Newmont?

Ah, yes. I mean, I like the technical setup of this stock. I would be interested to know how Rick views this as well. But for me, the fact that he has lost some of his gains now makes it seem that he is ready to regain some of that upward momentum.

We have a challenge ahead of us when we look at it from a technical point of view, which is the double top he recorded in January and February that he has not been able to surpass.

But I think if he succeeds in that, there will be opportunities for further gains. Also, I want to point out, Marley, something that I think will really help this stock move forward, and that is focusing on copper as well.

Certainly, it is viewed as a gold mining company, but I think it is also heavily involved in copper exploration, and I believe that will continue to help the stock in the future.

Yes, copper and silver are both very important parts of building the infrastructure for artificial intelligence. So, Rick, while we look at the technical aspects and setup that Dan just mentioned, he pointed out that they lost some of their gains.

We are now on an upward trend again. Do you see a possibility of a breakthrough here?

Well, we have an image that is somewhat similar to the previous one. This may seem stronger, I would say, because 135 was almost where we recorded our previous highs for the day.

We saw a pullback from that point and some weakness, but now we have seen a very rapid push upwards, and we can now see that we have achieved a better record high for the day. Not only that, but we also achieved a higher closing price.

So, 135.29 was our highest level during the day, and our best close was now well above our previous highs. So, what we have now is once again some setback here. What I'm noticing in this case is 121, which was around the range where we saw peaks after a downward gap and a recurring ceiling here again as well, which is the lower boundary that we didn't even come close to breaking through.

We've kind of tested that level here. So, we are now moving towards an upward trend again. So, on one hand, you could say that we have this trend line here and this trend line here that point downwards to give us a shape closer to a triangle.

I think I can also say that there is potential here for a bullish flag pattern where we have seen a push upwards, a very sharp rise. We are now seeing a brief period of sideways consolidation to a downward trend.

So, if you are looking for the completion of this pattern, the push above 135 is the area you should watch very carefully here if we start breaking above our trend line. We are still trading above our 5-day weekly exponential moving average.

This average reaches a level of 127.47. Meanwhile, our monthly exponential moving average is located in blue-green at 121.79. The Relative Strength Index (RSI) was trending downwards, but today it looks like we are breaking through the downward-sloping red trend line.

So again, if you start to see a breakout, look for the price to break above the old highs and for the RSI to start pushing above the 70 barrier to remain in the overbought zone.

These would serve as confirmation signals if they occurred together. The trading volume file in this case shows that we have 124 to 127 as trading points. We stay above that level, but in reality there is a fair amount of activity here between 105 and 120.

There are more specific areas of concentration here, but for our purposes, the range from 124 to 127 stands out more in the short term.

Good. As for Newmont today, we are up more than 4% and trading at 130.08 at the moment.