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MUX Conference Call and Webcast at 2PM EST Today
Management will discuss our Q4 and Year-End 2021 financial results and project developments and follow with a question-and-answer session. The conference call and webcast is being held later than usual this quarter due to executive site visits. Questions can be asked directly by participants over the phone during the webcast.
Wednesday,
March 9 th , 2022
at 2:00 pm EST To call into the conference call over the phone, please register here:
http://www.directeventreg.com/registration/event/4468146
Audience URL:
https://event.on24.com/wcc/r/3623813/BAFBDBA447F03F0274DD62549AE52BB5
Conference Call and Webcast
Management will discuss our Q4 and Year-End 2021 financial results and project developments and follow with a question-and-answer session. The conference call and webcast is being held later than usual this quarter due to executive site visits. Questions can be asked directly by participants over the phone during the webcast.
$MUX
It's time to Fight***Oh Band of Brothers..&..Sisters
The Time is now....Time to take a stand !!!
Face this Challenge now, and find the heartening for the fight !
You will remember this fight for the rest of your life...
Maybe we're uplisting to the NYSE~ Hehe
Hits its 52wk low today! How rewarding after having hung onto this for over a decade now!!!
looks to be one of the only pm juniors not moving...
McEwen Mining GAAP EPS of -$0.05, revenue of $35M; issues FY22 guidance
MUX. . . . . . .
has yet to report results for the quarter ended December 2021.
This gold and silver mining company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of +83.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
McEwen's revenues are expected to be $34.9 million, up 26% from the year-ago quarter.
anybody else thinking about the delisting ???
I'm wondering at this juncture if MUX can be sustained much longer.
Either a 1 for 10 reverse split and the copper IPO opens on the OTC.
or
they both go to the OTC.
or
they RS and delay the copper IPO.
thoughts ?
https://www.investopedia.com/ask/answers/09/stock-delist.asp
Wondering if we're going to retest .65
Some predictions even worse than that.
Will MUX stock price drop / fall?
The McEwen Mining stock price may drop from 0.755 USD to 0.460 USD . The change will be -39.0652%.
It's a good thing. . . .
Rob is assembling a good copper team.
Exactly what investors are looking for.
When a gold miner decides to go after a different metal investors want to see a management team capable to achieve the desired objectives.
Mr. Meding is accountable for the overall direction and management of the Los Azules copper project in San Juan. He will play a significant role in taking McEwen Copper through its next phases of technical studies, upcoming IPO, and development as a global model for environmentally and socially responsible green mining.
McEwen Copper Announces Management Addition
https://stockhouse.com/news/press-releases/2022/02/17/mcewen-xa0-copper-announces-management-addition
Amen brother Maybe "McEwen Copper" will bring us up no mater where we go.
Rest a sure theirs a plan in the works.
Waiting game on market trends I suspect
Over and over and over again.
Start sending JP Morgan Bankster‘s to jail and will see gold go up and take its rightful place in celestial investing.
Gold wins the gold metal today on the 1880-1845 downhill slope...
found fresh ski legs at 1845
Many people wondering about the de-listing plan??? Hummmm
It's truly an amazing time for metals & energy
If golds not a safe haven during times of crises then people are not going to invest in it.
How gold miners lost their mojo
If the worst global pandemic in more than a century isn’t enough to stoke interest in gold miners, what’s going to happen when things settle down? Why invest in their sector at all if it underperforms during a crisis?
Bottom fishing... because one day... it's coming.
Great day for gold as it trys to push through the 1870 resistance
I've been suspecting institutional lightening for MUX for a while now.
Most miners are up today
https://finviz.com/quote.ashx?t=GDXJ&ty=c&ta=1&p=d
Explaining the complex structure of Flow_Through_Financing
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McEwen Mining Announces Flow-Through Financing
https://finance.yahoo.com/news/mcewen-mining-announces-flow-financing-023100000.html
At least it is at a premium to the share price.
I fail to understand why.
$MUX I'm thinking of opening a Cantina along McEwens new road to Los Azules.
with Live Dancing nightly
A place to forget about this crazy world and dance the night away
Sound Good ? Keep the faith !
MUX is about to Dance
don't be fooled......
'Swooooop the Low' and 'do the dip'
Enjoy this dance !
It's how you do it.
Go Green.....Go $MUX
Interesting how some traders picture the gold and silver space.
The FX guys are frothing at the mouth with excess saliva pools betting on their precious U S Dollar.
and they've been doing pretty good this past year
Very interesting
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Warning! Gold Miners Are About to Crash
Steven Van Metre
According to the technical indicators and the volume profile, gold miners and silver look like they are about to crash as the dollar is poised to rally.
That article is "one mans' opinion", He may be right, but he does overlook some things IMHO. I am still bullish jr miners.
That happens when gold and silver go south. LOL
Looks all this thing knows how to do is go south!!! LOL
MUX McEwen Mining: Fox PEA – Higher Production, Longer Life
January 26, 2022
TORONTO, Jan. 26, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to provide summary results from the Fox Complex Preliminary Economic Assessment ("Fox PEA" or "PEA"), which outlines a mine life of over twelve (12) years, generating average annual production of 71,980 gold ounces, at average cash costs and all-in sustaining costs ("AISC") per ounce under $800 and $1,225, respectively.(1)(2) Peak annual gold production of approximately 100,000 ounces occurs in Years 6 to 10 of the mine life.
"The Fox PEA is an important step forward for us. It translates our exploration success into a business case that increases mine life and production rates and lowers costs per ounce! It also provides a clearer picture of where future exploration should be focused to add value.
Our commitment and investment in exploration has provided the foundation for this study, and ongoing exploration success continues to further enhance the expansion potential at Fox. While the PEA is an encouraging first iteration, continuing exploration success, improved economics, and a shorter payback period is required before we decide to advance the project.
I am also pleased that the Froome mine was successfully brought into production in 2021, is performing as planned, and is expected to continue for at least another three years while our expansion plans and drilling progress," commented Rob McEwen, Chairman and Chief Owner.
Continues here>>>
https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2022/McEwen-Mining-Fox-PEA--Higher-Production-Longer-Life/default.aspx
Gold Forecast: Why Mining Stocks Fell Instead Of Rising
https://www.gold-eagle.com/article/gold-forecast-why-mining-stocks-fell-instead-rising
Wheres the flee to gold? When is Rob going to announce THE showstopper? These are scary times for investors, we should be over a buck easily by now. Hmmm!
Copper majors are taking another look at Argentina, McEwen says
https://www.mining.com/web/copper-majors-are-taking-another-look-at-argentina-mcewen-says/
MCEWEN MINING: Higher Production – 2021 & Q4
https://nz.finance.yahoo.com/news/mcewen-mining-higher-production-2021-221800037.html
Thanks Man I like this one too "Somethings_Gotta_Give"
(((((((((((((He's Gonna Blow)))))))))))))))))
Very true statement
Thought of the Day. . . .
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Today’s thought…
January 10, 2022:
"When you sell in desperation, you always sell cheap."
----Peter Lynch, One up on Wall Street (New York: Penguin, 1990), p. 12.
Loading this Gift Horse
We've been here before and were sorry we didn't have more
Remember
Keep the faith, we have waited for this a long time.
When it looks bad and everyone bitching is when it happens.
This a gift, let me tell you !
.......................
Thought of the Day
Today’s thought…
January 07, 2022:
"Before you pull the plug, make sure you're bigger than the drain."
--#NAME?
McEwen Mining Inc.reports that it has fallen below the New York Stock Exchange continued listing requirement related to the price of its common stock.
Some good info on closing out this year and starting a new one.
I'm not worried about MUX all the miners are in the same shape.
Competing against a brutal dollar fleeced in QE.
Can't go on forever, Meanwhile Robs keeps trucking along and we're on the mend nicely.
Happy New Year everybody and welcome this new year.
"If 2022 isn't better than 2021 I'll give everybody a free car wash "
OK here's today's market news....enjoy
Morning Markets
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Futures Dip On Last Trading Day Of Blockbuster Year For Markets
Friday, Dec 31, 2021 - 07:54 AM
US stock futures edged lower and global markets - at least those that were open - dipped in thin trading on the final session of 2021 as concerns about the fast-spreading omicron variant let some air out of what has been a solid Santa rally to end a year of strong gains: after a 27% gain for the S&P 500 Index this year, fueled by a recovery from the coronavirus-induced slump, investors are assessing the impact of covid with new cases globally exceeding a record 2 million for the first time since the pandemic began. Also in focus is easing concern about a standoff between the U.S. and Russia after the latter expressed satisfaction with the outcome of a phone call between the countries’ presidents about Ukraine. Oil prices retreated from $80 a barrel following their biggest annual gain since 2009, the 10-year Treasury yield dropped to 1.5% and the dollar, which had its best year since 2015 with a 6.7% rise , was steady against most major currencies.
With several markets in Asia and Europe closed on Friday, trading volumes were thin and most markets directionless. At 730am, S&P emini futures were down 8 points or -0.17%, Nasdaq futures were down 40 points or 0.25% and Dow futures were also down 94 points, or 0.26%.
While activity was thin, there were some notable US pre-market movers today:
Fathom Digital (FATH) soared 45% after bullish posts on Reddit about the maker of on-demand digital manufacturing platforms.
Some cryptocurrency-exposed stocks rise in U.S. premarket trading on Friday as Bitcoin advances for a second day, paring its biggest monthly drop since May. Marathon Digital (MARA) +2.9%, Riot Blockchain (RIOT) +1.9%, Bit Digital (BTBT) +3.5%.
Xeris Biopharma (XERS) shares gain 18% after the company said the U.S FDA approved Recorlev for treating endogenous hypercortisolemia in some patients. The risk-reward is attractive, according to Piper Sandler.
Tesla (TSLA) dropped again in pre-market trading after a 475,000 vehicle recall.
In the latest Omicron news, a growing number of countries are reporting record daily cases of COVID-19 because of the Omicron variant, and New Year celebrations were being scaled back by uncertainty about the spread of the virus. But after initially tumbling in December, stocks have recovered over the holiday period as investors became reassured economies could handle the surge in Omicron cases, and are heading back towards record highs.
"As far as COVID is concerned, for now, market participants may stay willing to add to their risk exposures, and perhaps push equity indices to new highs, as several nations around the globe held off from imposing fresh lockdowns, despite record infections around the globe the last few days," said Charalambos Pissouros, head of research at Cyprus-based brokerage JFD Group.
Investors have held on to the resilience of the global recovery into 2022 and the prospect of further gains if money remains cheap and corporate profitability so high. This year's "everything rally" has seen a wall of cheap central bank cash, government stimulus and strong economic rebounds out of the pandemic make it hard not to profit from soaring asset prices.
“As we look forward to 2022 the gains are probably going to be more modest than they’ve been in the past year or so” partly given where valuations are now, Jason Pride, chief investment officer for private wealth at Glenmede, said on Bloomberg Television. But there’s reason for optimism too since “we’re still in the recovery from the pandemic,” he said.
The spotlight was also on talks by telephone between U.S. President Joe Biden and Russian President Vladimir Putin. The Kremlin said Putin was satisfied with the outcome of the discussions. The U.S. and its allies have raised alarm over a potential Russian invasion of Ukraine.
The MSCI World Index was marginally higher and remains just 0.5% off record levels. The index has surged 17% in 2021, its third consecutive year of double-digit gains.
With most European markets closed or shutting down early on Friday, trading was thin as investors drew a line under a strong year for global equities as economies recovered from the pandemic. Emerging markets and Asian benchmarks lagged, partly due to China’s ongoing regulatory pressures and slowing economy. Bond investors are nursing losses as many central banks move toward tighter monetary settings to fight inflation. How the coronavirus and those policy shifts shape economic reopening are key for the outlook.
European equities fell in thin trading, with many major markets on the continent closed. The Stoxx Europe 600 Index dropped 0.2%, hovering close to a record close after advancing more than 22% this year, with trading volume about 86% lower than of the 30-day average as markets including Germany, Spain and Italy were closed. In the U.K., the FTSE Index fell 0.5%, while France’s CAC 40 Index also declined 0.5%.
The Stoxx 600 advanced more than 22% in 2021, on track for a seventh consecutive quarters of gains, the longest winning streak since 1998. European equities are hovering near a record, up about 75% from a pandemic low in March 2020, on the back of an unprecedented stimulus and a successful vaccination campaign against the coronavirus, which allowed economic activity to resume despite periodic flare ups in infections. Looking at the year ahead, Christophe Barraud, chief economist at Market Securities LLP in Paris, sees headwinds building up for European stocks, as the spread of omicron brings back restrictions, the economy slows and monetary policy support wanes.
“On the positive side, earnings could hit fresh record highs as nominal growth will remain strong, real rates are expected to remain low (TINA effect) and companies will still focus on buybacks and dividends,” he said.
Earlier in the session, Asian stocks gains as low liquidity and short-covering coupled up to boost Chinese technology shares that dragged the regional benchmark down this year. A rally in Hong Kong tech names followed a surge in U.S.-listed Chinese shares. The Hang Seng Tech Index rose 3.6%, while Chinese shares overall advanced. Those moves came in the wake of the Nasdaq Golden Dragon China Index’s biggest one-day jump Thursday since 2008, though it’s still down more than 40% for 2021.
The MSCI Asia Pacific Index advanced as much as 0.5% in 2021’s last trading session, with Alibaba and Tencent the biggest contributors to gains as investors snapped up China’s battered internet giants. The Hang Seng Tech Index rose 3.6%, while Hong Kong’s benchmark gauges led advances around the region in a shortened trading day.
“The fundamentals and regulatory environment haven’t changed,” said He Qi, a portfolio manager at Huatai Pinebridge Fund Management. “We need to monitor any news on the regulations and China-U.S. tensions in the new year” to decide whether China tech’s gains can continue, he added. MSCI’s Asian index is still set to clock an annual loss of more than 3%, underperforming the MSCI AC World Index by about 20 percentage points, the biggest gap since 1997. While measures in Vietnam and India surged the most this year, up about 36% and 24%, respectively, Chinese stocks dragged the regional gauge lower. The Philippine stock index was the biggest decliner in the region Friday, sliding nearly 3% as the Southeast Asian nation held back from further easing of mobility curbs amid rising Covid-19 cases. Japan, South Korea and Taiwan were among markets that were closed for year-end holidays.
The latest data showed China’s manufacturing sector continued to expand in December, providing some relief to Beijing as the world’s second-largest economy continues to struggle with a property market slump. Less positively, Hong Kong may be facing an omicron virus-strain cluster. The city’s stock market shut early and Japan is among those closed ahead of the New Year.
Traders are continuing to monitor China’s struggling property developers. A Chinese state-owned enterprise will take a 29% stake in China South City Holdings Ltd., in the latest sign of the authorities stepping up support for ailing real-estate firms.
In rates, Treasuries are little changed on light volume, edging higher amid weakness in U.S. equity futures on year’s last day. Yields are lower by less than 1bp across the curve, with the 10-year little changed at ~1.50%, below the 50-DMA that was breached to the upside Wednesday for first time this month. Except in auction sectors (2-, 5- and 7-year) yields are little changed on the week, higher on the month in which Fed announced a faster pace of asset-purchase tapering beginning in January and revised dot- plot of forecasts for fed funds target pointing to three hikes in 2022 and 2023
Despite heading for first annual loss since 2013, U.S. government debt has benefited as a hedge for stocks at record highs. SIFMA recommends a 2pm ET close for fixed income markets, and month-end Treasury index rebalancing at 1pm is estimated to extend its duration by 0.07yr, which may support the market.
On the last day of the year, Brent crude futures dropped 0.8% to $78.87 a barrel and U.S. crude oil weakened 0.94% $76.27 a barrel. Despite this weakness, commodity prices have enjoyed a strong year, with supply often falling short of a jump in demand as economies reopened and both Brent and WTI are up more than 50% in 2021, their biggest gains since 2009, spurred by the global economic recovery and producer restraint
In FX, the Bloomberg Dollar Spot Index dropped 0.1%, trimming an almost 5% advance this year, the biggest since 2015; the Australian and New Zealand dollars outperformed peers as China PMI bolstered risk appetite, rising 0.2%. The euro, which has dropped 7.4% this year as investors bet the European Central Bank would be slower to end pandemic-era stimulus than rival central banks, rose 0.1% to hold above $1.13 . Japan's yen, which has lost more than 11% to the dollar in 2021, dipped slightly again to 115.1 yen per dollar - not far from four-year lows touched earlier this month. Sterling was little changed against the dollar and the euro .The pound remains down for the year against the dollar but looks set for its best year since 2014 versus the euro. On Friday it rose to as high as 83.69 pence, its strongest since February 2020.
Elsewhere in currency markets, Turkey's lira - by far the biggest currency loser in 2021 - fell for a fifth straight day. Turkey again tweaked the price-fixing method used to measure the returns of lira-protected deposits, less than two weeks after President Recep Tayyip Erdogan announced the new instrument as part of efforts to shore up the weakening currency. Under new guidelines issued by the central bank, the so-called conversion rate will be set using foreign-exchange buying rates announced six times a day instead of once a day. The rate is used to measure the lira’s level against major currencies at the opening date of new accounts. By all accounts, it appears that Turkey is making it up as it goes along, and after the initial monster squeeze in the lira, cracks are reappearing as shorts return to what has been the worst performing currency of the year.
Crytocurrency prices rose, reversing some of their losses earlier in the week. Bitcoin added 2% to $48,091 and Ether gained a similar amount to $3,778
There is no economic data on today's calendar.
Market snapshot
S&P 500 futures down 0.1% to 4,767.00
STOXX Europe 600 down 0.1% to 488.19
MXAP up 0.5% to 193.28
MXAPJ up 0.7% to 630.38
Nikkei down 0.4% to 28,791.71
Topix down 0.3% to 1,992.33
Hang Seng Index up 1.2% to 23,397.67
Shanghai Composite up 0.6% to 3,639.78
Sensex up 0.8% to 58,235.68
Australia S&P/ASX 200 down 0.9% to 7,444.64
Kospi down 0.5% to 2,977.65
Brent futures down 0.2% to $79.14/bbl
Gold spot up 0.2% to $1,819.08
U.S. Dollar Index little changed at 95.92
Euro little changed at $1.1332
Top Overnight News from Bloomberg
China’s manufacturing sector continued to expand in December, providing some relief to Beijing as the world’s second-largest economy continues to struggle with the ongoing property market slump.
Russian President Vladimir Putin is satisfied with the outcome of talks with U.S. President Joe Biden, which set the stage for three sets of negotiations on European security next month, the Kremlin said after a 50-minute call between the two leaders
JPMorgan Chase & Co. is offering employees the option of working from home in the opening weeks of 2022, and Citigroup Inc. is encouraging staff to log on remotely
South Korea’s inflation topped 3% for a third straight month in December, as still-high commodity prices, ongoing supply issues and resilient domestic demand all worked to lift consumer prices
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Wishing everyone a Happy New Year !
and thanks
J:D
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Gold modestly up amid friendly technical posture
Most of the miners having some kind of Christmas rally today.
Hopefully the buying will follow through on Monday
Jim Wyckoff
https://www.kitco.com/news/2021-12-23/Gold-modestly-up-amid-friendly-technical-posture.html
Thursday December 23, 2021 11:41
(Kitco News) - Gold prices are modestly up in quieter midday U.S. trading Thursday, as the near-term chart posture for the yellow metal favors the bulls, which is inviting the technical-based traders to the long side. However, gains are being limited by keener risk appetite in the marketplace late this week. February gold was last up $5.20 at $1,807.40 and March Comex silver was last up $0.086 at $22.90 an ounce.
The U.S. data point of the week was today's report on personal income and outlays for November. The closely watched PCE price index component of the report was up 0.6% from October and up 5.7%, year-on-year. These numbers were close to being in line with market expectations and the markets saw no significant reactions.
Global stock markets were mostly up in overnight trading. U.S. stock indexes are higher at midday. Once again, the U.S. stock index bulls have shown keen resilience by rallying their markets after steep sell offs. Risk appetite has up-ticked significantly from the beginning of the week. The news on the Omicron variant of the coronavirus has become more upbeat as the week progressed—from the U.S. Food and Drug Administration approving a pill that greatly reduces the effects of the virus, to studies showing Omicron is not as potent as the other strains, to early reports Omicron will run its course rapidl
The key "outside markets" today see Nymex crude oil prices higher and trading around $73.60 a barrel. The U.S. dollar index is slightly up today. Meantime, the yield on the U.S. Treasury 10-year note is presently fetching 1.47%.
Look for quieter trading and lower volumes today, as many traders shut down their screens and turn their attention to the Christmas holiday. Markets are closed on Friday.
McEwen Copper: Los Azules Progress Report https://finance.yahoo.com/news/mcewen-copper-los-azules-progress-192200859.html
Thank you JD and Merry Christmas to you this holiday season.
Gold is Gods Money
Ep.57 LFTV: Robert Kiyosaki “The Collapse is Coming...”
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"In this week’s Live from the Vault, Andrew Maguire is joined by none other than, personal finance legend, Robert Kiyosaki. Pulling no punches, the best-selling economic author makes his case for the imminent collapse of the entire paper money system.
The two diehard gold bugs position precious metals within today’s unprecedented economic environment and back up a bullish outlook for gold and silver with a lifetime’s evidence."
The two diehard gold bugs position precious metals within today’s unprecedented economic environment and back up a bullish outlook for gold and silver with a lifetime’s evidence.
00:00 Start
02:50 The formation of Federal Reserve, in brief
05:45 Is the jig up for the COMEX?
09:15 Story of Robert’s fist powerful wake-up call, Vietnam '71
13:25 Robert’s opinion on gold, silver and toilet paper
17:55 What to invest in as the market collapse seems imminent?
21:10 Why education on money is so important in America
23:40 God’s money and their relationship with human beings
29:00 The Mindblowing Part - Better watch your government!
32:05 The difference between gold, derivatives and people’s money
39:39 Robert Kiyosaki’s latest book - Capitalist Manifesto
I buy at .90 less than a week ago, was its current 52wk low, only to watch it go down even farther!!! Really nothing new for me having owned this stock for over a decade now!!!!
Tax loss selling has taken its toll on a lot of this years under performers. That also will pass. JMHO
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