Newmont's Problem is Great News for Junior Miners

Newmont, the world’s biggest gold miner, just reported a year-over-year doubling of its Q3 earnings — and its stock price fell by 5%.

That’s confusing to investors who generally view triple-digit earnings growth with a P/E ratio of 12 as a buy signal.

It is a buy signal — but for the junior miners.

Here’s an explanation from commodities analyst Tavi Co…