Pretty bizarre. What's to stop McEwen Mining from just standing pat for a few quarters, pumping out product from SJ and EG1? Last time this share was at $1.75, EG was still just a plan, Los Azules was just probably going to be wholely-owned and fat with copper, and SJ was still coughing a bit.
IMO without a solid breach above 1400, this across the board carnage will continue for the miners. It's all fear. I'm just sitting here, waiting to play NUGT. Pretty amazing, my lengthy watch list of mining stocks are all either making new 52 week lows or are getting close. Never seen anything like it. Get out the lawn chairs and wait, no sense in being a hero and calling bottom. Plenty of upside coming eventually.