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Gold/Mining/Energy : McEwen Mining

MUX 17.10

+6.4%

Nov 10 3:59 PM EST

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From: Robov	4/3/2014 1:10:01 PM
	of 24516

Expect the pressure to continue on gold as tomorrow if the NFP release and you know we can always expect a good shellacking on gold several milliseconds ahead of the 8:30 release. Can't expect that it will be good, but who knows, the way this crooked bunch bunch spin the numbers. Either way I would expect a massive rally in the broader markets because of course Bad news is Good news for markets that want and need the punch bowl. The worse the data gets the higher the markets goo with new ATH's set once again yesterday on the S & P and Dow. Finally seeing some profit taking today though, frikking amazing. Most of the miners though seem to be hanging on to and staying above their most recent lows in spite of the continued paper ponzi pressure on the POG. I've been waiting for a drop down to a test of the 100DMA at $1272 given that we've given up both the 50 and 200. Should see some support at the $1260 level which would also be a 61.8% Fibonacci level. Either way we are now much closer to a intermediate bottom at the very least IMO. So far MUX seems to be holding this level with the volumes dropping or stabilizing. Weekly volume with a day left is more than half of last weeks.

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