Newmont Mining has been a bellwether of the gold mining industry for decades, producing thousands of ounces yearly.

It's also the largest component in the gold miner ETFs like GDX and RING. As Ron Burgundy said, "I don't know how to put this, but I'm kind of a big deal."

Over time, the company has been mismanaged and desperately needs a makeover. 

Just look at Newmont Mining flirting with new all-time lows relative to gold:

Several months ago, we discussed the blowout momentum readings for the junior gold and silver miners.

These momentum thrusts often initiate the beginning of significant trend reversals, not the end.

Since then, the price action has been lackluster. However, our technical analysis suggests that the bulls are on the cusp of stepping in and resuming the primary uptrend.

Let's delve into the charts and how we plan to profit from them.

Silver Miners $SIL are printing fresh 52-week highs relative to silver futures:

Since gold futures hit our second target, the entire complex has undergone a corrective wave. 

While the market hasn't given us the all-clear signal yet, the correction seems closer to the end than the beginning.

Demand for gold worldwide continues to increase, and our intermarket analysis suggests the party is just starting for gold bugs across the galaxy. 

Moreover, our COT sentiment indicator is flashing a buy signal: