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McEwen Mining Inc. Message Board

rxbond 82 posts  |  Last Activity: 12 hours ago Member since: May 10, 2007
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  • we are going over a dollar this week. Thought I would invigorate the board

  • Reply to

    feels like a bull just stepped into the room

    by rxbond Aug 27, 2015 1:10 PM
    rxbond rxbond Aug 27, 2015 1:53 PM Flag

    yep I agree Mux management has done wonders and is a high beta gold stock. But something else is going on today, can't plant my finger on it. Perhaps the market is smelling a resurgent China..check out FCX Freeport Mcmoran..up 31 perent.. Goldcorp buying into more copper exposure today...The market sometimes like to catch investors dead at the wheel before pushing upwards...Perhaps im just dreaming, but I have seen this before.

  • and the only access to the room was from a long rough dark dirt road. Lets hope todays action is just the beginning of something..

  • rxbond by rxbond Aug 24, 2015 2:43 PM Flag

    the story being lost in this market free fall is that the dollar has significantly dropped during a period In which a flight for quality should be pouring in. Im not pumping, just my opinion but the days ahead I feel strongly gold will start reflecting that. As per hyperinflation, the dollar would have to be crutched first before you see any resemblance of hyperinflation, investors would start dumping the dollar , supply will then overtake demand.

  • Reply to

    $1 cap?

    by kalyram Aug 21, 2015 10:48 AM
    rxbond rxbond Aug 21, 2015 1:25 PM Flag

    I don't think that will happen quite yet. Market was due for a correction and Fed made sure of it. It continues to be a tight rope but Fed still has tools to control sentiment. Yellen will come out say something the market likes and tide will change. But uncertainty and growth concerns will linger ...the soft landing will never come...Gold should benefit..

  • Reply to

    $1 cap?

    by kalyram Aug 21, 2015 10:48 AM
    rxbond rxbond Aug 21, 2015 11:54 AM Flag

    Considering the state of affairs world wide the fed will HAVE TO wait till the dollar plunges before raising rates. If not market and export pressures will rise considerably and a ugly picture will get uglier. Gold should benefit and spike up. Mux is being pressured due to delisting fears. We need another gold run up....

  • Reply to

    Hey 'rxbond', MUX went up a little!

    by thenwhydid Aug 15, 2015 11:20 PM
    rxbond rxbond Aug 16, 2015 11:01 AM Flag

    Exactly...

    never said this is easy... being narrow minded and all too prudent has never been my style and my success here is depended on the small minded cowardness of others.

  • The story we are hearing that interest rate hikes automatically translates into a stronger dollar is a fallacy. Actually the last 2 interest rate hikes we witnessed a sell off at about 10 percent. What actually occurred during those periods was investors were buying the story and then selling when it became a fact . More detailed info which I have accumulated is that from March 2004 to Sept of 2006 fund rate went from 1 to 5.25 gold price fluctuated from 400 all the way to 720..almost 100 percent return..2005 had the most rate hikes..from 2.50 to 4.25..gold went from 410 to 535...30 percent return.

  • Reply to

    Its a new world...in search

    by rxbond Aug 14, 2015 12:27 PM
    rxbond rxbond Aug 14, 2015 1:04 PM Flag

    China now wants yuan reserve status, more transparency is there ticket and more gold reporting. Perhaps monthly reporting?. they increased there gold reserves by 1.1 percent in July.

    Publishing their gold reserve data for the second month in a row shows they’re becoming more transparent,” Georgette Boele, a currency and precious metals strategist at ABN Amro Bank NV, said by e-mail from Amsterdam. “This will likely help in their wish to have their currency included in the SDR basket.”

  • The world can longer afford each other. We are in search for new metrics, guidance and stability. Much like EG1, EG2 and GOLD BAR. New feasibility studies replacing old ones, run of mine replacing crusher units, each country is in search for new footing..devaluating currencies, the search for new interest rate guidance, IMF new regulations and acceptance(China, Argentina, Greece), printing of money, all in search for a soft landing...even though every country is in a hole their is still great disparity in which some countries are in more trouble then others and the biggest problem though we need each other more then ever, and major players are still searching for a new foundation.

    What is the cause for this all disorder and maneuvering ...global debt which there is no answer to.

    As a side note Mux is looking into changing GOLD BAR into a run of mine rather than a crusher unit. The hopes is to reduce the cost significantly. My wish is that the feasibility study coming out in the 3rd quarter indicates GOLD BAR is not crusher sensitive and the recovery rate is not lowered significantly. Mux did a great job with EG1 and Im looking for more of the same with Gold Bar. Its a project we need going forward until metal prices can recover

  • Reply to

    Not a bad day

    by dixont2015 Aug 12, 2015 4:16 PM
    rxbond rxbond Aug 12, 2015 5:03 PM Flag

    China banks have been selling the dollar the last couples of days to steady the yuan. If this continues they will blow through any technical resistance.

  • Reply to

    Nothing finer than a devaluation from China

    by rabbitw96 Aug 11, 2015 11:08 AM
    rxbond rxbond Aug 11, 2015 2:05 PM Flag

    just 3 weeks ago they unpegged themselves from the dollar. Perhaps they wanted a natural (float) devaluation but that failed so they took matters into there own hands...

  • Reply to

    argentina elections...

    by rxbond Aug 9, 2015 9:48 AM
    rxbond rxbond Aug 10, 2015 10:55 AM Flag

    In todays merco press

    In effect, under Argentine law to take the presidency the winning candidate needs 45% of ballots cast or 40% plus ten points difference over the runner up; if not a run off takes place a month later. Sunday's results indicate that Scioli has neither, and to make things more complicated, his runner up Macri and UNA's Massa together could knock him out, if they reach an agreement or if in the case of second ballot scenario, voters could turn the dispute into a very close affair.

  • Reply to

    rob mcewen interview mineweb

    by rxbond Aug 8, 2015 2:51 AM
    rxbond rxbond Aug 10, 2015 9:31 AM Flag

    Perhaps, but I much prefer him staying loyal to the goals, meanwhile that was not smoke coming out of EG1.

  • Argentina elections are a little different ours. If the winning candidate for president doesn't obtain 45% of the votes, or 40% and a ten points difference over his runner-up, a runoff election is then scheduled the following month between the 2 candidate with the most votes. The latest polls has Scioli having 35 percent of the votes and Macri 31 percent. Looks like a run off is very likely. If this occurs it seems to me Macri would gain huge advantage due to gaining all of Massi's voters, the other business friendly candidate. Scioli or Macri have indicated they are aiming to attract foreign investors back into the country, but of the two a Macri run country would guarantee it.

  • more reassuring words

  • Reply to

    3% gain is nice

    by rabbitw96 Aug 6, 2015 3:09 PM
    rxbond rxbond Aug 6, 2015 11:59 PM Flag

    Not sure of Robs reference to the article "wildly bullish" from Wall Street analysts Nothing wild about there predictions nor bullish...sub 1200 in 2016 and barely over 1200 in 2017...

  • Reply to

    3% gain is nice

    by rabbitw96 Aug 6, 2015 3:09 PM
    rxbond rxbond Aug 6, 2015 4:55 PM Flag

    One thing that was a negative from the 10Q is we haven pushed the reset button for EG2

  • rxbond rxbond Aug 5, 2015 11:04 PM Flag

    Rob is taken advantage of every low hanging fruit. EG1 has been a blessing. You could of easily of underestimated the potential difference in production at EG1 this year, it didnt seem much at the time. Many actually thought we would run out of money by this time... the results is now recognized in our cash balance. San Jose will be in better shape next year when the real value of the peso will start to be revealed, its about 60 percent over valued now..Gold Bar another low hanging fruit to keep a eye on.

  • Reply to

    Low volume exaggerates price moves....

    by garymcurtis8888 Aug 5, 2015 10:43 AM
    rxbond rxbond Aug 5, 2015 1:22 PM Flag

    but it is on the radar screen and being bump ed above 1 doesn't necessarily mean we avoid being delisted ...must be 30 day avg above. We can always reapply for NYSE once we are above that 30day avg...

MUX
0.9125+0.0475(+5.49%)Aug 31 4:06 PMEDT