At this point, it is all about rates, gold prices, and dividends. Smart investors are loading the boat on good dividend paying stocks so that rules out NEM. Everyone thinks the Fed will raise rates in September, that hurts debt heavy companies and rules out NEM. Gold prices are looking for a temporary bottom, Goldman says 1050....once Gold finds that, it will temporarily help NEM. Not many catalysts for the miners except for long term buyers here on a future valuation.