On July 26,2011 we put out the following chart of Newmont;
You can find this chart in a earlier blog on NEM (under Stock index). Below is the same chart as of yesterday;
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.