Newmont Mining, April 1983 - March 2014 stated in constant 2015 U.S. Dollars

[ochotona]

NEWMONT MINING (NEM) "Adjusted close" (adjusted for dividends and splits) shown, further adjusted for inflation. Stock prices from Yahoo Finance, inflation data from http://data.okfn.org/    Constant 2015 U.S. Dollars

This stock seems to be a deal in the $17-$20 range, historically speaking, but then it would be time to sell at $40, because it gets really choppy above $40. Or maybe set a limit order to sell after it hits $40, and let the stock run, and keep raising the limit order price. Schwab Equity Ratings actually rates this stock a "B". That's the only gold miner they will touch; at least it pays a dividend. My other sources say maybe wait until Q3 2015, might be priced in the teens then.

I'm showing this mostly because I wanted to show the volatility in this entire sub-segment, and that over decades, it really goes NOWHERE. It's better to actually own gold metal. I wanted to show the PSAU ETF, but it doesn't got back very far. The Junior gold miner stocks must be much, much more volatile and dangerous to touch. This one is plenty dangerous; might be fun to play with the coins you found in-between your sofa cushions.

[D1984]

NEWMONT MINING (NEM) "Adjusted close" (adjusted for dividends and splits) shown, further adjusted for inflation. Stock prices from Yahoo Finance, inflation data from http://data.okfn.org/    Constant 2015 U.S. Dollars

This stock seems to be a deal in the $17-$20 range, historically speaking, but then it would be time to sell at $40, because it gets really choppy above $40. Or maybe set a limit order to sell after it hits $40, and let the stock run, and keep raising the limit order price. Schwab Equity Ratings actually rates this stock a "B". That's the only gold miner they will touch; at least it pays a dividend. My other sources say maybe wait until Q3 2015, might be priced in the teens then.

I'm showing this mostly because I wanted to show the volatility in this entire sub-segment, and that over decades, it really goes NOWHERE. It's better to actually own gold metal. I wanted to show the PSAU ETF, but it doesn't got back very far. The Junior gold miner stocks must be much, much more volatile and dangerous to touch. This one is plenty dangerous; might be fun to play with the coins you found in-between your sofa cushions.

Ken French's data (at the Tuck Business's School of Dartmouth's website) has data on gold miners (both as a an equal weighted index and a capitalization weighted index) going back to the early 1960s...it is in text format, not Excel or graphical, but it would be interesting to see how this holds for an index and not just for one stock. As I recall, gold miners did pretty well from 1964 to 1968 (including in 1966 when gold mining equities were the only market sector that showed positive returns), got stomped hard (like losing nearly half their value) in 1969, did OK from 1970-72, ran up almost parabolic through 1973 and most of 1974; lost a huge chunk of value from late 1974 onwards to 1976, did stunningly well from 1977 to the mid-1980 blow off top, got killed from the end of the blow off top from late 1980 into all of 1981 and then returned almost 40% in 1982 as interest rates fell back to "normal" non-20% levels.

[dualstow]

Wow, this looks like a stock that I never want to buy.
Oh darn, I already own it.