Perennial laggard Newmont Mining (NEM) might have the most interesting chart out there right now. After being a chronic underperformer for much of the last decade, it appears that NEM may have finally turned the corner:

Click to enlarge

NEM Daily

NEM_Daily

The daily chart clearly shows that NEM is on the verge of breakout out above significant resistance near ~$26.50

NEM Weekly

NEM_Weekly_8.11.2014

The weekly chart of NEM has all the makings of a long-term bottom with a tantalizing open gap from April 2013 up at $35.16 (+32% from current levels)

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