Looks like everyone is done “averaging” down. So much for that…
I expect to see a nice post informational meeting POP. (At worst, should at least see a nice uptick in buying interest.) Till then…
If they have any info in regards to the latest fiasco with the shares they should release right away and not wait for the meeting cause not all the shareholders are going to attend. This concerns all shareholders not just half.
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Some chartist can confirm but I would note sadly the opposite has historically happened. The uptick beforehand and the air slowly coming out of the balloon post SHM. Your expectation would be a nice confirmation of change in the air.
Could it be possible that each time we have had good news, we also had Les dumping shares into any possible rally? JMOHO!
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No market manipulation there at end of day,
Sorry but timing of last trade had purpose
It was him and JJ that sunk this ship from .109 to .01 SOB!! I don’t know how the feds still have not froze there accounts offshore and thrown there asses in jail already
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What I don’t want is Auryn telling the audience that this is a legal matter and that it cannot be discussed.
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Gold Bull McEwen Sees Prices as High as $1,900 by End of Year
Robert McEwen, one of the gold’s industry’s most unabashed bulls, is predicting prices could surge as much as 44 percent by the end of the year as confidence in the economy buckles.
The metal could trade in a range of $1,700 an ounce to $1,900 by the end of 2016 as uncertainty builds around the stability of global currencies and sovereign debt, said McEwen, who’s so enamored by bullion that he’s founded two producers: McEwen Mining Inc. and Goldcorp Inc. Record-low global interest rates will cause a “huge amount of anxiety” for investors, who will turn to gold as a store of value and an alternative asset, he said.
Gold “is a currency that doesn’t have a liability attached to it,” McEwen said Tuesday in an interview at a gold conference in Colorado Springs. “A store of value that has gone for millennia. And the big argument against gold used to be it costs you money to store it. Right now, it’s costing you money to store your cash.
”In New York, gold futures for December delivery settled little changed at $1,318.20 on the Comex. Prices have climbed 24 percent so far this year, this biggest gain for this point in the calendar since 2011.
Bullion’s 2016 rally comes after three straight annual losses. Prices have slumped 31 percent since reaching an all-time high of $1,923.70 in 2011.
McEwen is betting big on gold. As the chief executive officer of his eponymous company, he’s paid $1 a year and doesn’t receive bonuses, wagering that his share holdings will reap him ample rewards. He’s doing this at a time when many gold executives have expressed caution over the metal’s recent rebound as the wounds still feel fresh from the bear market that started in 2013.
This isn’t the first time McEwen, a 66-year-old former investment banker, has defied his own industry. In 2000, he launched an audacious experiment when he was at Vancouver-based Goldcorp. Offering $575,000 in awards, he threw open to the public more than five decades of proprietary data on the company’s under-performing Red Lake mine in
Ontario and challenged geologists to locate the next 6 million ounces of gold.Red Lake ended up becoming one of Goldcorp’s richest gold mines, producing more than $3 billion worth of the metal, he has said.
Prediction Redux
This also isn’t the first time that McEwen, who expects bullion could reach $5,000 in four years, has made bold predictions for prices. He gave the same outlook in 2009 and 2011 – the latter forecast came less than five months before gold peaked and then plunged as much as 46 percent to a five-year low reached in December 2015.
This time, McEwen expects a number of catalysts – from the U.S. election to instability at banks – could make his prediction come to fruition.
“You have many more people involved in the market than you ever have before – crowd psychology is there,” he said. “Reasons for anxiety are multiple than what we’ve had in the past and there will be a triggering event.
"As for the elections, McEwen said that no matter which candidate wins over the U.S. populace, it will be positive for prices. Voters take to the polls in November, when Donald Trump, the Republican presidential nominee, will go up against Democrat Hillary Clinton.
“Hillary has got a very accommodative platform,” McEwen said. “She’s made promises to every group you can imagine in the United States to give them money. Trump is less expansionary, but he’s unnerved a lot of people with his statements, so they don’t really look at this policies, they look at his rhetoric.”
I think gold will be higher by year end, but $1900 is borderline crazy talk IMO unless there is some kind of unexpected catalyst.
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Ya, I think Robs likely out to lunch…course after the election the Feds likely to start another round of QE which should be bad for the dollar and good for gold. Timing for this Ponzi scheme we’re living thru is something nobody knows
Who from Auryn will be at the shareholder information meeting on October 1???
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Yes great question!
Better yet who will be there from Medinah? I heard GC might be there?? Let’s see if he actually shows up and can salvage his reputation.
IMO those attending on the Masglas/Auryn side will mirror the recent Expo in Chile. Along with their recent geological presentation at the Expo. On the Medinah side I would expect all current BOD’s to be present to present the status of Medinah and answer all questions.
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Catalysis for $1900.00 gold:
Deutsche bank blow up
& China…SDR…I’ll show you mine.
Bet ya can’t show me yours.