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Gold/Mining/Energy : McEwen Mining
MUX 18.08-1.4%Nov 3 3:59 PM EST
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To: Robov who wrote (20956)11/12/2019 8:51:14 AM
From: lamboguy1 Recommendation

Recommended By
Oldbasalt

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i am glad you listened to me about SFOR and got rid of it. i made about $25000 on it and i kept 2 million shares to this day. i never bought BVTK because i never trusted Cellucci.

this gold market has become increasingly difficult to handicap because of the big paper market. a shortage in the actual metal doesn't mean a blessed thing when you have such big players in the paper markets. definately its not my cup of tea, i won't buy paper as long as i live. it looks like you might be able to handicap the strength of the market by the amount of this pullback of the highs. $1380 makes a lot of sense right now, but if it stops going down and heads north, that would signal a very strong market to me. where it can go on this run is not that tough to figure either. 2700 is the confirmed number to me. and for that matter maybe fairly fast too, like no longer than 2 years.

to me the only thing that could stop the rise in gold price would be a technique to manufacture the stuff, or a process to explore and dig up under the sea's. the other one which is possible is if they find an abundance of gold on another planet and figure out how to bring it here.

this is 100% where my head is at these days. still waiting to make a score with MUX like all the rest of us here. its become a very tough love.with the underperformance vs. the rest of the gold mining market.
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