NEM
NEM ripped nearly 8 percent today, and this one traces back to Washington, not a mining report. Treasury announced an expanded long-bond buyback program — essentially the government buying back its own older debt — which knocked long-term yields off twenty-month highs and sank the dollar. Gold responded, clearing four thousand five hundred dollars an ounce. Here's the mechanic worth understanding: gold miners like NEM carry operating leverage to bullion, meaning a moderate move in gold tends to produce a much larger swing in miner earnings. That's exactly what the market was repricing today. The question now is whether this Treasury program has staying power, or whether yields drift back up and take NEM right along with them.
+3.1% — Why Is Newmont Stock Surging Friday?
-3.6% — Moved with the tape — no single reported reason that day.
+2.2% — Moved with the tape — no single reported reason that day.
+3.1% — Moved with the tape — no single reported reason that day.
-3.1% — Moved with the tape — no single reported reason that day.
+3.8% — Moved with the tape — no single reported reason that day.
+7.2% — Moved with the tape — no single reported reason that day.
+6.7% — Moved with the tape — no single reported reason that day.
+2.5% — Moved with the tape — no single reported reason that day.
+1.8% — Moved with the tape — no single reported reason that day.
-2.1% — Moved with the tape — no single reported reason that day.
+4.8% — Moved with the tape — no single reported reason that day.
-2.1% — Moved with the tape — no single reported reason that day.
-1.6% — Moved with the tape — no single reported reason that day.
+3.5% — Moved with the tape — no single reported reason that day.
+3.7% — Moved with the tape — no single reported reason that day.
-4.6% — Moved with the tape — no single reported reason that day.
+1.8% — Moved with the tape — no single reported reason that day.
-2.3% — Moved with the tape — no single reported reason that day.
+1.7% — Moved with the tape — no single reported reason that day.
-2.0% — Moved with the tape — no single reported reason that day.
-3.2% — Moved with the tape — no single reported reason that day.
+4.0% — Moved with the tape — no single reported reason that day.
-1.7% — Moved with the tape — no single reported reason that day.
-3.9% — Moved with the tape — no single reported reason that day.
-3.9% — Moved with the tape — no single reported reason that day.
-1.9% — Moved with the tape — no single reported reason that day.
-1.8% — Moved with the tape — no single reported reason that day.
-2.6% — Moved with the tape — no single reported reason that day.
+2.5% — Moved with the tape — no single reported reason that day.
+5.6% — Moved with the tape — no single reported reason that day.
+2.7% — Moved with the tape — no single reported reason that day.
+5.2% — Moved with the tape — no single reported reason that day.
-5.9% — Moved with the tape — no single reported reason that day.
-8.0% — Moved with the tape — no single reported reason that day.
-1.9% — Moved with the tape — no single reported reason that day.
-3.9% — Moved with the tape — no single reported reason that day.
+3.7% — Moved with the tape — no single reported reason that day.
+2.2% — Moved with the tape — no single reported reason that day.
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