Kinross Gold ( KGC) ($9.77 vs. $9.66 on Sept. 10): Has a price pattern most similar to Comex gold by trading between its 200-day SMA at $9.18 and its 50-day SMA at $9.99 after a 12 month decline of 16.0%. The stock has a reasonable 12 month trailing P/E at 12.9. My monthly value level is $8.57 with a weekly pivot at $9.52 and semiannual risky level at $14.93.

Newmont Mining ( NEM) ($44.29 vs. $51.69 on Sept. 10): Has a price pattern showing the stock trading near a multi-year low and a potential triple bottom with lows of $43.23 on May 16, $42.95 on July 27 and $43.51 on Dec. 13. The stock is well below its 200-day SMA at $49.64 after a 12 month decline of 26.1%. The stock has a reasonable 12 month trailing P/E at 12.0. My weekly value level is $39.33 with a monthly risky level at $47.23.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.

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