CGC has been acquired by MUX for 0.0225 MUX shares for each CGC share. The deal has closed and CGC no longer trade. Gold is off sharply on profit-selling, primarily. The underlying trends that drove the rally are still in place, but the rally was so intense that some price consolidation is not surprising. MUX is a love it or hate it stock. Mr. McEwen is quite aggressive with deals and somewhat of a promoter. The stock can go years without doing much. But it has really picked up lately, up 46% YTD and up 211% in a year. It has some debt but very strong earnings growth is expected this year. We would not panic on Friday's correction. It is also month-end which can often cause unusual activity. MUX will take a hit, but after a 200%+ gain that is not really that surprising. Copper is also getting hit. We like LUN and would see it as one of the safer names. AEM as well. We would simply decide what sort of gold exposure is appropriate and try not to react to daily movements.
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