MUX
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.
GSV (NYSE) long set up WDidn't take the first targeted entry. Second chance of entry over 2.20. volume back above average after recent long term downtrend. $GSV $GLD $GOLD $MUX $GDX
- $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
NAK Breakout Long IdeaNAK is quietly breaking above the 75sma on the hourly chart. Poised to move higher. Looks to be leaving a bull flag behind. AB=CD could see a nice return up to 1.77.
SBGL Long IdeaLooking to trade SBGL long. with the 9ema above the 25sma this looks real bullish. Buy Today with 1st target price at the 75sma. Second target at the gap fill . TSI crossing the 0 line is bullish
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
NUGTNUGT selling off Today, already at a 50% fib number. I suspect this could be the bottom. BUT, if we get a drop to the gap fill I'll be a buyer. $127.22 I believe is the fill. I'll put a limit in for $128. Good chance to make 30%. I suspect we have a few more days of sideways to lower trading, so it could fill. Need a few days to totally reset the RSI.
Huge return on MUX Nov 4 call. As Strath predicted about Precious metal Silver & Gold we took a postion on MUX on 28th as it tested EMA 9.
DUSTWhose buying NUGT? I think that gold and miners are very over extended would you buy NUGT now? It could make you the guy holding the bag when it opens 20% down. Its just too late in the cycle to buy NUGT here. I'll wait for a pullback to get in. Buy DUST? Not sure I would do that any time soon. Too hard to tell. If you listen to others shorting a baby bull is a big mistake.
Just looking at the chart of DUST. Look at the oversold condition, look at the volume increase. Big buying volume Today. Look at the bounces when %R gets way oversold (blue boxes). Strictly from the chart I would say its getting time to buy. I just won't
GDX, NUGT, GLDGDX, Looks like the miners are getting close to a buy. The RSI is approaching the oversold area on the daily chart. I expect a week of consolidation (note similar blue boxes) with a drifting down to the $12.72 area. This will be the BUY. It will give the daily chart time to reach way over sold. Then we can jump in and get a $2-$3 jump in GDX. We will sell when the RSI gets to 80%.
GDXGDX-NUGT, miners have a psuh over the trend line, or a fake out and are now set to make a small move higher. Look for a 4-5% rise to the $14 range. Looking at the 1 hr RSI for a 82 to sell. Looking at the longer 4 hr chart, there may be room to move higher. Good luck
