RE:RE:RE:RE:One step up, two steps downgalnakon wrote:
Today Endeavour is down on very high volumes.
When gold is going up 70$ the stock is going up a bit. Then, when it normally retraces 30% of its upswing, Endeavour loses 50% of its gains. As I said, one step up, two steps down. Worthless. We need higher and higher gold prices just to hold the price at the same level.
Gold is up 10% on the year, this stock is barely up 2%. Where is the leverage? Leverage down yes. But never up.
You continue to spout your "cherry picked" single day/short period nonsense. Just compare EDV to either the GDX/GDXJ and then come here and complain. Yes, they divert - but both back and forth. Until you compare it to something else and actually base it on fact and not these single day data points, it's just noise.
Despite the POG, the entire gold sector is pretty ugly and has been for quite some time. how about you discuss why that is. Explorers have been in the dumpster despite the POG over the last year or so....off multiples of their 5 yr highs.
weekly, EDV has outperformed the GDXJ since March
https://schrts.co/CcQMzmaY
weekly, EDV has also outperformed the GDX since March
https://schrts.co/bZvYXBqE
tC