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Option update: Newmont Mining volatility flat as gold rallies 2.3% to $988

Posted Mar 5th 2008 2:28PM by Paul FosterPaul Foster RSS Feed
Filed under: Newmont Mining (NEM), Options


Newmont Mining (NYSE: NEM), the world's largest non-hedged gold producer, is recently up $1.53 to $51.63. Gold is recently up 2.31% to $988.60, according to Bloomberg.

NEM April option implied volatility of 42 is near its 26-week average of 40 according to Track Data, suggesting non-directional price risks.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Tags: gold, NEM

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