2 Mining Stocks Rebounding After Gold's Fall From Records

Core Viewpoint - Mining stocks Newmont Corporation and Freeport-McMoRan Inc experienced price movements influenced by external factors, particularly the nomination of Kevin Warsh for Fed chair, which affected gold and silver prices and the U.S. dollar. Group 1: Newmont Corporation (NEM) - NEM shares increased by 1.7% to $114.26 after a significant drop of 11.5% on Friday, marking its worst day since October 2024, following a record high of $134.88 on Thursday [2] - Despite the recent volatility, NEM shares have a 170% year-over-year gain and remain above their ascending 40-day moving average [2] Group 2: Freeport-McMoRan Inc (FCX) - FCX shares were down 0.6% to $60.57, with support from the 20-day moving average mitigating the impact of Friday's pullback from an all-time high of $69.44 [3] - Over the past 12 months, FCX stock has achieved a 69% gain [3] - Both NEM and FCX have shown tendencies to exceed option traders' volatility expectations, with Schaeffer's Volatility Scorecards rating them at 83 and 82 out of 100, respectively [3]