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


To: syder who wrote (24523)11/26/2025 3:11:29 PM
From: The1Stockman  Respond to of 24541
 
Thanks Syder, I'll take a look and post a few charts later on. I also see MUX lagging.

MUX has been and still is doing well, I think money is betting on its future potential more than it is on its quarterly statements and company news going forward at this time, (...buy low, hang on, sell high.)

I think what we have been seeing lately are players/traders moving out of this stock and into other stocks that might offer quicker returns, and I think they will be back at some point, ...some stocks from my list that have moved up sharply are ...Hecla, HL, ...Iamgold, IAG ...and just recently, ...Endeavour, EXK.

You are correct on the volume decrease, MUX is now trading less than half of what it was soon after the gap from Sep 2nd and lately, ...about a third or less. One good thing, its held up nicely above its 20/50-day ema's and also its 61.8% Fibonacci retracement level (so far), and it is forming another floor in this area, which could continue into the end of the year before profit taking takes hold at years end, as it does every year.

With the exception of a few miners on my list, many are showing less than average volume as well, I think its par for this time of year, the big money runs off to play for the holidays while the little guys hold up the fort. I don't expect much to occur once we fall in between the last two holidays of the year.

Here is today's volume from my watch list with an hour and a half left, its rather bleak, and yes, today in particular is a bit lower then in recent past but its not far off and we also have to consider we are putting MUX up against some very large billion dollar market cap miners. The volume comparison's are in the chart below on a 3 month time frame.




To: syder who wrote (24523)11/27/2025 4:00:34 PM
From: mostlylurking1 Recommendation

Recommended By
The1Stockman

  Read Replies (1) | Respond to of 24541
 
hi syder,
my 2 cents.
the 10/16 peak was largely related to the los azules and release of long awaited feasibility study. it's not a coincidence that the $25 stock price was about the same as the study's valuation of McEwen copper's npv.

speculative, and best case as most of those preliminary releases are, it was bound to pull back.

imho mux remains primarily a mux copper speculation, though it's various less publicized purchases of various North American properties and development of stock and grey fox show real potential for future gold production, particularly if they execute and the strength of the gold price continues. two big ifs, but not unreasonable to expect.

as a result I expect them to continue to be more volatile than most miners, with the price likely to get ahead of itself on good news, and pull back more than others during lulls.

not a chartist, but I do think they're helpful to those looking for entry/exit points, particularly the fib numbers. covered calls can be a strategy for confirmed bulls who don't like the waiting...though I lost a few shares on the recent spike, which a stock like this seems more prone.

happy thanksgiving, glta longs....