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Gold/Mining/Energy : McEwen Mining -- Ignore unavailable to you. Want to Upgrade?

To: Erie who wrote (14067)	12/23/2015 11:39:58 AM
From: Robov	Respond to of 24576

It definitely, to a great extent, is a reflection of the USD/CAD. The day in which it popped from the $1.30 to $1.48 on the 18th is the same day MUX rallied from a low of $0.93 to a high of $1.04 with the questionable slam into the close knocking it back down to $0.96. I remember reading an article somewhere recently where the person being interviewed talked about this time of year (tax loss selling) being a good time to be a contrarian buyer, especially in this sector with everything being as beaten down as it has. I have definitely notice the miners showing a little more resilience and contrary action to that of the POG such as today. Where once again the paper pushers in London and NY have plenty of paper gold to sell to keep a lid on price and drop it back down marginally where as a number of the miners and ETF's are green so far for the day. As far the snowbirds one just needs to go a little further south to Mexico as we are for 3 weeks in February. That said we booked our Condo back when the CAD was still close to 80 and likewise for our fall Mexican Riviera cruise out of San Diego. Because the peso is at record lows or close to vs the USD we managed to get a good exchange even buying Peso's in CAD. I never use USD when in Mexico even though they would prefer those to Peso's and why not when you can those USD and cash them in for almost 18 Peso's.