Big move up won't happen until after the U.S. presidential election in November

Rob says:

While he reiterated his call for US$5,000 per oz. gold by the end of gold's current bull run, he noted that a big move up won't happen until after the U.S. presidential election in November. While historically gold does badly in presidential election years because incumbents throw everything but the kitchen sink at the economy to ensure their re-election, post-election years are historically boon years for the yellow metal.

But the good news was he confirmed MUX was looking for M/A now.

One more interesting note: McEwen admitted that the newly merged McEwen Mining (a combination of U.S. Gold and Minera Andes) is already surveying "a few" companies for other M&A opportunities.

http://blogmm.miningmarkets.ca/2012/08/rob-mc...brand.html