We just hit a major support for this stock, so I am starting to build a position. I'll take out half at the next resistance and hold the rest in case we break resistance and see an explosion in price.
MUX... Cant say enough good things about this company. Rob Mcewen, major insider buying, the list goes on... buy the recent support levels as shown on my chart!
Im looking at undervalued juniors to participate in the silver bull market. Mcewen mining has a decent eposure to silver price and looks to be bottomming here. A breakout of 2.04 would be bullish and i would accumulate between 2.04 and 2.14 with the ultimate buy signal being a breakout of the 2.14 level. The bullish position of the CDNX market leads me to believe...
MUX 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...