There’s even a price at which McEwen Mining looks good, and I think we are pretty much there: U.S. $0.89
I’m a buyer.
McEwen has dropped below the lower bounds of its 80-Day, 20-Week and 40-Week cycles, improving a buyer’s margin for error considerably.
I project a short consolidation in the vicinity of today’s close, a move higher through late February, a grind through March, and another push upward into an interim peak in early-to-mid April.
