ROB MCEWEN: GOLD PRICES ARE GOING UP IN SEPTEMBER!
AUGUST 15, 2013
I had the opportunity yesterday to join McEwen Mining‘s Q2 2013 conference call, led by the founder and former CEO of GoldCorp, Rob McEwen. He is now the CEO, Chairman, and Chief Owner of McEwen Mining.
It was an interesting call as usual, with informative commentary on the mining environment in Argentina, and of particular interest—Rob’s updated perspective on gold and gold mining equities.
Regarding his outlook here on gold McEwen stated: “My view remains quite positive…The primary drivers for gold are still there and increasing, and I see no reason to reduce one’s exposure, but more to increase one’s exposure in gold… In the short term, the summer is usually a cyclical low, and you get recoveries in September. Gold prices are going up in September…so you might want to take a look at some of these juniors and intermediates.”