Loading ...some extra diversity is sweet
While I’m enjoying the run up in the uranium stocks, which I stubbornly held on to and then added to at recent lows, I’m as confused as anyone about what gold and gold miners are doing right now. Guess I should have been looking at Richmont (along with several others here) instead of MUX to lead – MUX continues to drift lower. Anyway given the relative lack of clarity, glad to swap out one of my laggers in gold for a little bit of the sweet stuff.
Commodities starting to move, and some diversification is good.
I’m a big fan of McEwen but he seems to be doing stupid things lately. Instead of using the cash on hand to build Gold Bar in Nevada, he put millions into junior gold mining equities. They are going to have to do a financing to build Gold Bar IMO. The real upside to this name is the sale of the copper project of some bonanza drilling result out of the Lexam properties. Other than that this is a money losing year for MUX.
Thanks for the helpful info on MUX, Cashcosts – good to know. Currently only have a small position in this, but last year it seemed to be one of the price leaders.
Mux cash cost very high and valuation too. A lot of other gold stocks are far more cheaper. This is only reason for bad performance