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Wednesday, 12/09/2015 9:57:06 AM

Wednesday, December 09, 2015 9:57:06 AM

Post# of 2315
$5000 per Ounce here we come.

While the exchange-traded fund covering gold miners is outperforming the precious metal itself, McEwen Mining founder and chief owner Robert McEwen said Wednesday that he remains bullish on gold.

"I'm a long term believer in gold and I see it ultimately getting to $5,000 an ounce," McEwen said on CNBC's "Fast Money." "Anything short of that, I wouldn't be hedging."

McEwen, who owns 25 percent of his company and receives no salary, said that he expects gold to hit his price target of $5,000 in the next three to four years.