 ChartWorks
Newmont
Technical observations of RossClark@shaw.ca
Bob Hoye
Institutional Advisors
February 22, 2005
Newmont continues to track the major bullish model we've been
using for the last two years. The break to $34 last year was
a beautiful test of the 2002 highs and the projected trendline
from 1988 & 1991. However, the $40 level should now be considered
the critical 'make or break' level. The pattern development
suggests that prices should stage a successful breakout through
the $50 level within the next few months.
Bob Hoye
Institutional Advisors
E-mail bobhoye@institutionaladvisors.com
Website: www.institutionaladvisors.com
CHARTWORKS - FEBRUARY 18, 2005
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