Endeavour Mining plc T.EDV

Alternate Symbol(s): EDVMF

Metals & Mining Gold

Endeavour Mining plc is a United Kingdom-based senior gold producer with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. The Company has a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. It operates mines that include Hounde Mine, Ity Mine, Mana Mine and Sabodala-Massawa Mine. The Hounde Mine is located approximately 250 kilometers (kms) southwest of Ouagadougou, the capital city of Burkina Faso. The Hounde Mine is owned by the Company (90%) and Government of Burkina Faso (10%). It owns approximately 85% of Ity Mine, which is located 480 kms northwest of Abidjan in southern Cote d'Ivoire. The Mana Mine is located approximately 200 kms west of Ouagadougou, the capital of Burkina Faso. The Sabodala-Massawa Mine is approximately 640 kms southeast of Dakar, the capital of Senegal. It owns approximately 80% of the Lafigue project. Its other projects include Kalana, Bantou and Nabanga.

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Endeavour Mining plc

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Comment by arielplson Dec 04, 2014 6:49am

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Post# 23193703

RE:USD Index and gold

ShatnersRug wrote:
Let's proceed under the assumption that gold is viewed as a means of protecting one's wealth. When times are tough, investors will shift the weightings of their respective portfolios to phizz and miners.

In this argument, let us also assume that the greenback is perceived as a safe haven, or a means to protect one's wealth, and that both gold and USD are the ONLY 2 safe havens.

OK.

Today, the USD Index is on the rise, reaching levels(88.6!!) not seen seen since March of 2009. At this time, gold sat at just under $1000USD/ounce.

If we assume that there are only 2 safe haven investments in the world, why the disconnect in price(now gold at > $200 higher)?

If the only way to explain the discrepancy is to include other safe haven assets or currencies, which top one or two can help me understand what's missing?

Thanks,
Shat

In daily, it may be that the correlation is less strong. Currently, she is positive 0.21, so it works very poorly in the same direction. Mainly through the day Monday.

In Weekly, the correlation is -0.96. Therefore, very strongly to the opposite ... In other words, usually, one works in reverse of the other.

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