Equinox Gold Ord Shs T.EQX

Gold stocks 6 months away

[marketdiva]

From blastoff .... if this is just a classic bear rally and new lows are gonna be made in all indexes then all gold stocks are headed lower as interest rates are gonna rise and the usda is gonna rise and the treasuries are gonna yield higher .....  to time EQX you have to time when the fed pivots to easing ...the million dollar question . I like the fundamentals of this company and plan on being overweight as soon as the market makes new lows .....

[Marathonrunner2]

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[marketdiva]

  the Ukraine war and inflation distracted everyone including myself on the biggest elephant in the room ...the fed / usda / and treasury yields which take gold flows ... imo anyhow ....  this is a good co that's for sure ...all of them trade the same except the ones building into inflation and ones with debt get dinged worse 

[Stratocheif]

And what if the fed doesn't pivot. What if they just stop raising and keep the status quo for years. What if there is no recession. What if the price of gold goes back to 1200. What of ww3 starts. What if the US dollar looses its reserve currency starts. What if covid comes back. What if uh I'm.out of what ifs for now. We'll let you show us the way

[marketdiva]

  well you are right there are a million variables out there ...but interest rates are the biggest influencer on gold stocks . From my research the time to go long gold is when there is "easing of any kind" ... so from 2~0 % (covid ) even from 3.75% -3% late next year ???? They say don't fight the fed ...gold yields nothing , treasuries yield $$$. That is the thesis anyways

[marketdiva]

[ppp]

4.50 seems like good support as it bottomed in 17 and 18 around that price.  started buying today, gold was 1200 dollars at that time so IMO a better buy today.

[ppp]

Also before the 1 to 5 rollback. EQX MC was 500 mil with hardly any production.

[marketdiva]

[/quot alot of headwinds ...fed / int rates / Bitcoin has been a virus / and energy /input/employee costs are likely gonna be sticky .... that's why these stocks can't catch a bid ....incredible assets ...