Crypto & Forex October 20, 2025 0 Comments

Why Newmont Mining’s Bullish Surge Could Reshape the Entire Mining Sector—And What Smart Investors Need to Know Now

Ever wondered if the treasure beneath our feet could predict the next big surge in your portfolio? Newmont Mining Corporation (NEM), a titan in the global gold mining arena, isn’t just unearthing precious metals—it’s revealing a bullish storyline written in the waves of Elliott’s charting magic. This company operates across continents—from the Americas to Africa, Australia, and Asia—making it a heavyweight in the gold production game. But what’s truly electrifying right now? Newmont’s stock appears to be riding a powerful upward wave poised to break new records, weaving a narrative of strategic highs and corrective lows that could spell serious momentum ahead. Stick with me as we unpack the Elliott Wave outlook that just might change how you see this market giant’s next move. LEARN MORE

Newmont Mining Corporation (NEM) is a leading global gold mining company. It stands as one of the largest producers of gold, with operations spanning North and South America, Africa, Australia, and Asia. This article looks at the Elliott Wave Outlook for the stock.

Newmont monthly Elliott Wave chart

Newmont Mining (NEM) is riding a powerful bullish wave, as shown in its monthly Elliott Wave chart. The chart signals a breakout to a new all-time high. The stock completed wave ((II)) of the Grand Super Cycle at $12.75 in September 2000, setting the stage for a dynamic nested impulse. Wave (I) surged to $62.72, followed by a wave (II) pullback to $15.39. Now, wave (III) is driving higher, with wave I reaching $86.37 and wave II correcting to $29.42. As long as NEM stays above $15.39, the rally is likely to gain further momentum.

Newmont daily Elliott Wave chart

The daily Elliott Wave analysis for Newmont Mining (NEM) reveals a structured progression in its price movement. Having completed its wave II correction at $29.03, the stock has embarked on an upward trajectory in wave III. From the wave II low, the initial advance in wave (1) reached a high of $58.72. A retracement in wave (2) followed to $36.86. Provided the critical support level at $29.03 remains intact, Newmont Mining is well-positioned to sustain its upward momentum, advancing further within the framework of wave III.