I have orders in for my wife and children to purchase Newmont, NEM tomorrow morning. They all own some up around $47 and this seems like a good time to add.
The fundos look pretty good to me-
P/E of 8.74
Dividend yield of 5.15%
RSI is below 30
They are just in an industry that the money managers are pissed-off at right now.
If any of you think I may be stepping on a land mine, other than another beat down and that Dr. Copper looks sick, please let me know. I try to be somewhat conservative with their holdings and am more interested in large cap steady comapnies that have good basic common sense managment.
Thanks a million in advance for any input you are willing to share!