| PROSPERITY PUB MARKET TALK
A Mega Gold Opportunity
Gold’s been rocking and rolling the last few weeks.
And plenty of folks, including our own Geof Smith & Jeffry Turnmire still see huge potential for the precious metal.
But Jeffry’s going a step further… because while he does have holdings in gold itself…
His major bet is on one particular mining stock which recently formed a big-picture bounce which he claims points to the stock potentially tripling in the long term.
The company is Newmont Corp (NEM) and the chart he shared with us the other day leaves nothing to the imagination:
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From a current price near $34, he’s expecting it to bounce to an initial target of $100.
And while the stock has already jumped almost 10% higher from when he first called it (near $31), he has warned that this would be a fairly aggressive entry at this point.
For more conservative entries, you may want to wait to see a daily close above $44 or even $55.
That said, he’s already in the trade with Jan 2026 $60 Calls…
Though he warns that with such a lofty target, this could be a pattern that takes years — even longer than the Jan 2026 options he’s holding.
As such, he’s recommended possibly just playing it with shares to avoid any issues with options expiring before this move fully plays out.
And while he hasn’t explicitly stated it, plenty of traders will tell you that when you have a long-term expectation of a stock like this, you can reduce risk — along with your cost basis — by selling covered calls against the stock you hold.
NOTE: The setup invalidates on a move below the 2015 low at $15.65 area. (that’d be good place for a stop loss if you are going to set one)
Good luck out there!
— The Prosperity Pub Team
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