MUX continues lower, adding to position

As MUX gets dragged lower with the miners, now down over 7% on the day, I am stepping in to add more. I posted the daily chart below, and yes, I am well aware an obvious support point is 200 day MA at roughly $1.16, where I will also look to make a larger buy, if it gets there. Other than that, I haven’t made many changes today, it’s been a day to wait and lick my wounds. It’s a bit surprising to see miners continue down day after day, considering the yield on the 10 yr note is getting hit pretty hard this week, down almost 10% so far. At times like this I have to maintain faith in my system, and wait for things to straighten out, return to making sense. In the meantime, I maintain my protective stops and continue to look for opportunities. Below I posted the $TNX also, the chart of the 10-yr note yield, and a bonus video of CEO Rob McEwen on the future of McEwen Mining.

Rob McEwen on youtube…