Read Craig Hemke’s latest blog where he discusses:
- Newmont Mining's Disappointing Performance: Despite Newmont Mining's latest quarterly results appearing positive on the surface, the market reacted negatively, causing a significant drop in the company's share price, reaching a new five-year low. This decline has been ongoing, with shares falling over 60% in under two years.
- Long-Term Performance Concerns: Notably, Newmont's shares are not only cheaper than they were five years ago but also cheaper than they were twenty years ago. This stagnant performance raises doubts about the company's long-term investment potential, especially considering the significant price movements in the gold market, which is its principal product.
- Preference for Physical Metals Over Mining Shares: Despite the potential for profits in the mining sector, the author questions the long-term viability of investing in mining shares. They advocate for physical gold and silver ownership as a simpler and more secure alternative, offering financial insurance and protection against economic uncertainty, without the volatility and disappointments associated with mining stocks.
Click here to read the full article >
