Amazing!Endeavour showing some real strength today. Up more than twice GDX.
My theory is that the last couple months of underperforance to GDX was because one of the funds that , who together with the Sawiris family, own basically all of the shares, was selling off some or all of its holdings . This has happened before, and is one of the risks with a company , like EDV, which has so little retail holders, and low daily volume. I think many long term holders of EDV understand that, and don't get too excited when EDV goes into a little tailspin. If my theory is correct than looks like the selling fund is done, and hopefully gone. Today GDX would be buying EDV, and now no one is selling. And EDV should correct back to something closer to true value - IMHO about $35 if gold renews its journey to plus $2000.