Newmont: A Tiny Bounce (Probably)

Right. Newmont. It’s been… a week. Four days up, one down, and now… another up? Honestly, it’s exhausting just watching it. Like a particularly indecisive friend. Yesterday’s 5% dip felt… ominous. A proper correction, I thought. Finally, some sense. But no. This morning, it’s perked up again. 5% higher. It’s not quite back to Wednesday’s glory days, but close enough to make me question everything.

Units of Coffee Consumed While Watching Charts: 7. Hours Spent Questioning Life Choices: 6. Number of Times I’ve Considered Becoming a Beekeeper: 3.

Gold and Silver: A Rollercoaster (As Usual)

The explanation, naturally, is gold. And silver. Apparently, they’re having a moment. Or, rather, they were having a moment, then they weren’t, and now they are again. It hit an all-time high on January 28th – $5,419.80 an ounce! – then promptly decided that was far too exciting and plunged to almost $4,500. It wobbled back above $5,000 last week, had a little panic yesterday (hence Newmont’s dip), and is now… you guessed it… above $5,000 again. $5,001, to be precise. Honestly, the precision feels almost mocking.

Silver’s been doing a similar dance. Peaked at $116.58, fell to $66, bounced back, fell again. It’s currently up 0.5% and heading towards $78. It’s like watching a particularly anxious puppy trying to decide if it wants a treat.

So, gold and silver are up, therefore Newmont – which digs them up – is also up. It’s… logical. In a frustratingly unpredictable sort of way.

Is This a Buy? (Please Say No)

Can Newmont keep rising? That’s the question, isn’t it? And the one I’m desperately trying to avoid answering. It all hinges on how much they’re actually earning from this gold and silver frenzy. We’ll find out on Thursday, February 19th, when they report Q4 earnings. Honestly, I’m bracing for disappointment.

Analysts predict $2.02 per share for the quarter, bringing the full-year profit to $6.42. On a $124 stock price, that works out to a P/E ratio of 19.3. And analysts say earnings will grow 32% annually over the next five years. Sounds… optimistic. Dangerously optimistic. I’m picturing a very large bubble.

Number of Times I’ve Told Myself “This Time It’s Different”: 1. Number of Times I Immediately Regretted It: 1.

Sounds like a buy to me. (But seriously, don’t listen to me. I’m just a slightly neurotic observer of market madness.)

2026-02-13 18:42

Gold and Silver: A Rollercoaster (As Usual)

Is This a Buy? (Please Say No)

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