I had to update this chart because I was following MUX for a long time and my targets all have ben hit.
I was following this company after days and weeks of studying it and listening to the CEO. It has no debt and it is a gld miner. Given the environment the world is in, I think it still makes a pretty good investment and trade.
I am looking to buy in the $1 to $2.5 range as per the chart. The parabolic move up has gone too far too fast. It is not a blow off top. I do I believe the price of MUX will rise to $6 to $9.
This is not a day trade, but something I plan to hold for several months to years if it hits my buy order in the $1 and $2 zones.
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Same plan; no change!
McEwen Mining's stock looks better than last week. Miners are the place to be in this market over the coming months.