NEM , Newmont Mining update

On July 26,2011 we put out the following chart of Newmont;

NEM jul 2011

You can find this chart in a earlier blog on (under Stock index). Below is the same chart as of yesterday;

NEM apr 2012

The high was around $73 and we are at $45 down about $28 or almost 40%. The p/e is at 47x according to Bigcharts. The stock is at levels that it first reached 8 years ago. At this time we have no reason to change the outlook.