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Bullboard - Stock Discussion Forum Equinox Gold Ord Shs T.EQX

Alternate Symbol(s):  EQX

Equinox Gold Corp is a Canada-based mining company with seven operating gold mines. The Company is engaged in the operation, acquisition, exploration, and development of mineral properties, with a focus on gold. Its operating mines include Aurizona Gold Mine, Fazenda Gold Mine, Santa Luz Gold Mine, RDM Gold Mine, Los Filos Gold Mine, Castle Mountain Gold Mine, and Mesquite Gold Mine. Its... see more

TSX:EQX - Post Discussion

Equinox Gold Ord Shs > EVERYONE FORGETS
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Post by Horsesmouth2U on May 04, 2021 11:57am

EVERYONE FORGETS

Everyone forgets the power of the US Gov't to continue to knock the price of gold down. They do not want gold going up. Go read all about it.
The shorts have no fear. Don't kid yourself. 
It used to be that stocks looked to the future however no longer. EQX to double production yet that means zip these days.
Gold stocks react to gold today and that is it. 
EQX will continue to be a very frustrating stock to own.
Comment by Partypanther21 on May 04, 2021 12:08pm
This is true until they finish building some mines. It's always typical of mining stocks: They are depressed until construction is close to complete on a project, then the risk goes away and people buy in. There is always a huge risk involved when building large scale projects that investors are scared of. I dont think its manipulation to a massive scale, just risk aversion with investors ...more  
Comment by themason on May 04, 2021 7:20pm
****SPOT ON****
Comment by Straite on May 04, 2021 8:24pm
Whether or not the US govt does not want gold to go up does not mean it will not. Just look at 2000-2011, think they wanted it to go up back then? What about 2018, 2019, 2020, etc.  Ultimately, the government/fed if faced with a dilemna of either slowing down the economy (with risks related) by raising interest rates vs potential increases in inflation (currency debasement, lower currency ...more  
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