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drbubb

McEwen Mining (MUX) : 205,000 /yr. Gold miner (est.)

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Haha - is that faint praise for MUX? It seems destined to range between 1.5 and 1.7 for now, unless gold breaks 1370, which would be a major event. Also perhaps the selling was overdone previously vs gdxj.

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NEWS flow of MUX is improving at last

 

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Interesting. We've reached 1.69 and gold just broke 1360 for the first time since April 2018.

I only sold off 35% of my stack during this rise so bring it on!

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MUX chart ... update: Last $1.69 +4.97%

3zeUOR6.gif

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1 hour ago, hector said:

1.79. Moving into the zone where we're looking for major shorts to cover.

Could trigger a rally to $2.00 and beyond

I am wanting to see a close at $1.80 or higher

INVESTARS ANALYST ACTIONS - PUBLIC
3:10 PM ET 06/17/19
 
INVESTARS ANALYST ACTIONS - PUBLIC
3:55 AM ET 06/16/1

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What do we think about MUX today?

Currently trading back at 1.85. It's been a good boy.

There is talk on Stockhouse that traders are gunning for a short squeeze. And that could send prices to $3.

Also could be down to low liquidity before July 4 perhaps?

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Previously, I thought the breakout point was $1.80, near the Moving Average

But now I think key resistance level is $1.85-1.90. If it goes above that, MUX may quickly shoot up to $2.20 or so

MUX ... update / Last: $1.85 +0.06

PFjurE0.gif

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Feel like an idiot after all the yo-yoing, but I hope this time it will finally break 1.85, and then we will aim for DrB's target of 2.2.

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AFTER HOURS...

Last:
1.88
Change:
arrow +0.02

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POP goes the weasel
$1.98 +0.12, +6.45% vol. 7.18million

weasel.jpg

Half a pound of tuppenny rice,
Half a pound of treacle.
That’s the way the money goes,
Pop goes the weasel.

An alternative meaning involves pawning one's coat in order to buy food and drink, as "weasel" is rhyming slang for "coat"and "pop" is a slang word for "pawn".

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There's no follow through here. Every time I post here with excitement is the top of the move. It really sucks. Shoulda bought First Majestic.

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Don't give up yet.

MUX retraced part of, but not all of, the POP upwards. back down to the breakout point. Could be healthy

oySlQVn.gif

Actually, this could help make future gains more sustainable, if we get some follow-thru from here.

Volume was greater on the move up

("Once-trod" gains tend to get retraced.)

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Thanks for the reassurance DrB. One of the reasons I still hold is due to your holding and continued enthusiasm. I think the best strategy is to hold on until end of the year when gold should be definitely higher and McEwen has reported better full year on year production and further drill results. I believe 1.8 is currently the fair value so doesn't make sense to sell now. And that fair value is rising all the time.

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Okay,

But I am less "enthusiastic" about MUX, than the others mentioned here, where trends have been more positive.

Haha.  MUX has disappointed before and may do so again

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11 hours ago, hector said:

$2.01 ... I'm starting to get excited again. Bearish!

Haha, I sold down about 1/3 of my position at $1.93 and $1.99

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Nice one, not for me though. I'm gunning for higher gold/silver prices and short squeeze. Even if I did sell I'm not sure where to place the cash.

Even though McEwen diluted the float and took on debt this year, this stock still has room to move higher, I feel. So I'll take the risk and continue to hold the whole. I thought we would see 2.2?

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Where?  

REcently, I have ben buying stocks like: VIT.v, RRI.v, CS.t

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1 hour ago, drbubb said:

Where?  

REcently, I have ben buying stocks like: VIT.v, RRI.v, CS.t

They are pretty exotic stocks and I'll need to research them first. I would never take a large position on TSXV.

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vit.v will move to toronto soon, i expect

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On 8/6/2019 at 3:40 PM, drbubb said:

vit.v will move to toronto soon, i expect

I’ve been buying vit.v (not posted before as had sketchy wi-fi in Greek islands).

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