dec 16 jmu

Juniors PGEN Marines Update (JMU).

(Pronounced “JAYMEW”)


Dec 16, 2015


Junior PGEN Marines Update


  1. Please click here now: Double-click to enlarge this McEwan Mining (MUX) daily chart.
  2. MUX was bankster-mauled over the past year even while other stock rallied, but it’s begun to show some outperformance recently.
  3. Note the “choo choo” train upside action over the past few weeks, even while gold and gdxj have behaved erratically.
  4. I own it via pgen to zero, and in the $3 to 0 zone, I like 10 cent increments for my pgen. It’s up 40{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} from the July lows, while GDX and GDXJ struggle to stay above theirs.
  5. MUX is a key Flying Five portfolio component, and eager MUX buyers can short a little GDX or GDXJ to make sure you are in a strong emotional state if you need to “impossibly” buy it lower in price than it is now.
  6. MUX has operations in Mexico and Argentina, so its revenues are in USD and many costs in Mex/Arg fiat.
  7. One concern I have is with the company being listed on the NYSE. In the past, companies had to maintain an average share price of $5 or more, or face being delisted.
  8. Now, it’s $1, but MUX went down to the sub dollar level for a while and got a potential delisting from the NYSE. Rob is considering reverse-splitting the stock, to stay listed.
  9. He’s also talked about doing a stock buyback, which I like better. Here’s why: The banksters have a horrific habit of launching heavy attacks on stocks after they get delisted.
  10. The idea is to send the price back down towards where it was before the reverse split, essentially completely demoralizing and destroying the shareholders. They then buy up the company for peanuts.
  11. Reverse splits that occur where a value-add transaction is involved tend to be ok, as a rule of thumb. The banksters tend to leave that alone. When it’s just to stay NYSE-listed, I have to be concerned.
  12. What happens if Rob does, say, a 3 for 1 reverse split, but then the bankster maul gold under $1000? MUX could end up back under $1, and then delisted from the NYSE anyways, only with the shareholders destroyed.
  13. Please click here now: That’s Coeur D’Alene (CDE). It’s was up nicely today, and after the Fed raised rates.
  14. Alone in the gold community, I told you there was nothing to fear from J Day (rate hike day), and a lot of potential gain. And that’s exactly how it played out.
  15. CDE is sporting a very solid bull wedge pattern and silver bullion actually went down today, while CDE ultimately blasted 7{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} higher, on the day!
  16. CDE is the largest silver producer in the United States, and has about 10 mines, 2000 employees, and arguably has 5 million ounces of gold reserves and over 500 million ounces of silver.
  17. That’s all very interesting, but if you are not running a pgen to zero on it, and prepared to buy while throwing up into a vomit bag, it really doesn’t matter how many ounces they have, or what their story is.
  18. Please click here now: That’s the Sabina Gold & Silver stock chart, SBB-to.
  19. Sabina blasted higher all through the May-July bankster beatdown on bullion and most gold stocks.  
  20. What the company actually has in terms of reserves at their Northern Canada mine is a little murky, but they have a huge silver royalty deal with Xstrata, and they’ve installed an airstrip and road right at the mine.
  21. Please click here now: That’s another look at it, via the weekly chart. Note the massive volume last December.
  22. At the time, the gold gurus were going hog wild calling gold stocks a “bear market” (which they were since 1996, unknown to those who only bought at the highs of 2011). I told you a massive rally was coming in Jan 2015.
  23. And so it did. In the case of Sabina, the stock has never looked back, although, if you own it, note that it is now massively short term overbought, and some party time profits need to be booked!
  24. Gridtime! In the $3 to $.50 area, you could be a Sabina buyer every 10 cents down, and aggressive players could buy it every 5 cents down from $1. Bullion will get its time in the sun, and then the stocks will go ballistic, but be like most gurus, floundering about trying to predict exactly when that happens. Sabina bottomed at 28 cents almost exactly a year ago amid massive loss booking by the gold community. The pgen to zero marine (you) didn’t predict any bottom. You just bought, and now it’s party time, and personal upside surprise time. This is coming to many many many more stocks in 2016. Let’s hit their gridlines now. I’ll see you there!


Kirk Jr. on the gold explorers bridge, out!




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