I have previously pointed out my two targets for NEM in the short to medium term. They are the two gaps that were created when Newmont fell sharply during the month of July. Those gaps are at approximately 52 and 57. Not only is gold approaching the $1800-$1825 zone, which is where it was in June before NEM had it’s July plunge, but oil prices, which contributed to the size of the decline, are $20 lower than the July time frame. Newmont will be filling those two gaps sooner rather than later and should reach $60 in January or February.