MUX trade ideas
MC EWEN MINING announce positive exploration results.AFTERHOURS ANNOUNCEMENT
McEwen Mining drives a potential new source of production McEwen Mining is pleased to report positive exploration results from the 147NE Target, which was initially discovered in 2018.The Grey Fox Area is located 5 km south of the Black Fox Mine and is comprised of three deposits: 147, Contact and South, and two targets: 147NE and Gibson. The deposits cumulatively host an estimated Indicated resource of 465,000 ounces of gold . The Company is conducting a scoping study to evaluate the economics of mining these three deposits and two target areas via a central underground ramp system.
Read more at:
thefly.com
AVERAGE ANALYSTS PRICE TARGET $2.63
AVERAGE ANALYSTS RECOMMENDATION BUY
SHORT INTEREST 17.28%
COMPANY PROFILE
McEwen Mining, Inc. is a mining and minerals production and exploration company, which focuses on base metals in Argentina, Mexico and the United States. It operates through the following geographical segments: Mexico, MSC, Nevada, Los Azules, Canada and Other. The company was founded on July 24, 1979 and is headquartered in Toronto, Canada.
MUX McEwen Mining INC, BATS 1D up to 28JAN19MUX McEwen Mining INC, BATS 1D up to 28JAN19
1D Chart, McEwen Mining INC ( MUX ) by october 12, 2018, was able to break over both the 100/200 days MA signals (1), along with an ascending movement from 40 RSI over 70 RSI surfing over this last until November 12, 2018 (2), when felt and found support on 24 RSI and below both the 100/200 MA, bounced back, increased its price and now hit the 60 RSI (3) and the 200 MA corrected and found support at the 30 RSI and now is moving up, with the MACD signals about to positively pierce below the Histogram (4) heading to test the 100/200 MA resistance, which is the optimistic approach, but remember that it can find resistance there and should be time to wait until it finds support somewhere below 40 RSI & 100/200 MA signals. Good Luck!
1D Chart, McEwen Mining INC ( MUX ) el 12 de octubre de 2018, pudo atravesar ascendentemente las señales MA de 100/200 días (1), junto con un movimiento ascendente de 40 RSI a 70 RSI permaneciendo por encima de este último hasta el 12 de noviembre , 2018 (2), cuando retrocedió y encontró soporte en 24 RSI y debajo del 100/200 MA, se recuperó, aumentó su precio y llegó al 60 RSI y el 200 MA (3) orrigió y encontró soporte en el 30 RSI y ahora está moviéndose hacia arriba, con las señales MACD a punto de perforar positivamente debajo del Histograma (4) para probar la resistencia 100/200 MA, que es el enfoque optimista, pero recuerde que puede encontrar resistencia allí y entonces toca esperar un tiempo hasta que encuentre soporte En algún lugar por debajo de 40 RSI y 100/200 MA. ¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
- $MUX - Huge Short Interest 18% Way 2 Play Coming Gold Rally McEwen Mining- $MUX Tremendous growth prospects ahead -
The first thing I look for when investing in a company is its management and its potential both in the short term and longer horizions.
$MUX has a key advantage to other Junior miners becuase its led by Rob Mcewen the X (ceo) of Gold Corp. Rob has a wealth of industy experience and unlike most CEO's his interests are closely alligned with his share holders. He only takes $1 dollar a year, no bonus or no options to be the (CEO) of MUX. His success just like his investors is based on the company suceeding, he has a 24% stake in the company which he paid about 133 mil dollars for. This is almost unheard of on Wall St where CEOS are usually richly compensated on the backs of shareholders.
Fundamental Catalysts
#1 The biggest reason I want to play a well run Gold company is simply because I think #Gold is going to surpass 1750+ in the next 3-6 months and want exposure to particiapate in that rally
* Some reasons as catalyst for Gold*
1. China a gold back Yuan for oil
www.cnbc.com
2. Geopolitical N. Korea Iran etc....
3. Market Crash - If a correction happens gold offers that flight to safety vehicle.
With the recent acqusition of the Black Fox and recent news of Gold Bar heading into production, should be a banner year for MUX to ramp up production into 2018 and beyond.
"Buying the Black Fox Complex provides fantastic synergies with our recently acquired Timmins deposits. Our objective is to build a long-term production platform with a robust pipeline of production, development and exploration assets, all feeding into a single processing facility. This acquisition will add immediately to our gold production, but is just the beginning of a new chapter of growth for McEwen Mining,” said Rob McEwen, Chairman and Chief Owner. “Black Fox comes with a talented operating team, an underground mine producing 50-60,000 ounces of gold in 2017(1), a processing facility with excess capacity, two future development opportunities, and excellent exploration potential. Combined with our existing portfolio of Timmins deposits, I believe this is a logical and potent combination.” Rob Mcewen
$MUX NO DEBT and 60 Mil in liquid Assets
stockcharts.com
Technicals : I believe $MUX to be setting up for a breakout move, in the advent of a general market top then crash, expect we will also see a transition to commodity sectors starting any day, so $MUX should benefit as well from that exposure.
The chart is signaling a breakout over the 2.30 and 3 level to come in the short term, with 18% short interest I believe a 3 dollar break could send this another 100-200% ++ , with the thesis that price of gold breaks 1400+ by years end and considering the huge short interest in the stock. A price target of 5-10 seems attainable in the next 12-16 months if Gold price can surpass 1750-2000+++
This is my second Idea I posted here, my first idea delivered over 200% + so far. Its all my opinion and you should do your own research, none of this should be construed as investment advice.
I am currently long in $MUX or will be very soon , and my position might change at any time. $MUX current price is 2.09
McEwen on the way up!Mc Ewen Mining is slowly working its way up to the 4,80 mark.
We clearly see a C/H pattern and at the same time a H/S pattern.
And a beautiful wedge with a base of 5.20! Gives a target of 7,35.
If the patterns, we see, are correct we can buy now...
or expand our positions when the price surpasses 4.80...
Above the 4.80 mark we could expect an extra upwards boost to 7.usd..
MUX - 2hrMcEwen Mining bottomed earlier than many other miners. Getting a confident Elliott Wave count has been challenging. The white 1-2, (1)-(2) is still technically valid but broke below ideal support for (2). Alt blue Primary 2 can come significantly deeper, as shown. If an impulsive move forms above recent highs then that would be an early encouraging sign of much higher prices into next year.
McEwen Mining Inc. The Dividend Paying Junior MinerMUX is run by the same person who founded GoldCorp GG, and he has a 25% stake in the company that bears his namesake. McEwen Mining also pays a dividend while you wait for the price of XAUUSD to rise, and that is a rarity for a junior miner. Full disclosure, I dollar-cost-averaged into this company at around $2.00/share. My feeling is that when gold breaks $1400 this stock is going to run. The NI43101 looks solid as well. More information can be found at SEDAR .
MUX- Long from 4.8MUX seems forming a oscillating pattern, as it making a double bottom with hidden divergence in money-flow. If we bounce back from this bottom & breaks 4.8, the continuation will be up to 6.15
Strath Thinks that it will go to 7.5 over the next 6 months for its fundament strength.
You can check our detailed analysis on DNAI in the trading room/ Executive summery link here-
www.screencast.com
Time Span: 15:00”
Trade Suggestion Date: 6th Jul
Trade Status: Pending
Long live McEwen Mining!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.
Watching McEwen Mining (MUX)I am watching McEwen Mining (MUX). I would like to see price move to $1.50ish before I consider it again.
If it follows my pattern and continues on the way up, then I will look to buy dips around 1.16 to 97 cents, and aim for partially out around $2 to $4, while holding the rest to $7 with re-entries.
This is a 1 year to 2 year horizon in price appreciation that I expect for MUX if all goes well with the company and its earnings going forward.
