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Eldorado Gold Corp T.ELD

Alternate Symbol(s):  EGO

Metals & Mining Gold
Eldorado Gold Corporation is a gold and base metals mining, development, and exploration company. It has mining operations, ongoing development projects and exploration in Turkiye, Canada, and Greece. It operates four mines: Kisladag and Efemcukuru located in western Turkiye, the Lamaque Complex in Quebec, Canada, and Olympias, located in northern Greece. Kisladag, Efemcukuru and Lamaque are gold mines, while Olympias is a polymetallic operation producing three concentrates bearing gold, lead-silver and zinc. The Lamaque Complex is located in Val-d’Or, Quebec. It includes the Triangle Mine (Upper and Lower), the Ormaque Deposit, the Parallel Deposit, the Plug #4 Deposit, and the Sigma Mill. Efemcukuru is an underground operation located in Izmir Province in western Turkiye. Its other development project in its portfolio includes Perama Hill, a gold-silver project in Greece. Its Stratoni is an underground, silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece.


TSX:ELD - Post by User

Eldorado Gold Corp
Bullboard Posts
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(2)
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Post by CatamaranFundon Dec 17, 2019 7:38pm
92 Views
Post# 30466261

Is the gold price forming a base? How 2020 may shock you

Is the gold price forming a base? How 2020 may shock youGary Wagner speaks with Daniela Cambone of Kitco News to discuss the bottom base formation of Gold bullion, comparing it with past historical rise in 2011 thru 2015

"Gold prices may have bottomed, and it’s only a matter of time before the next leg-up in prices take effect, this according to Gary Wagner, editor of TheGoldForecast.com.
“This is an extremely, extremely good year for the price of gold,” Wagner told Kitco News. “That being said, I believe right now we have been forming a base, roughly around $1,450.”
 
My takeaways:
Technicals for Gold metal: Med to long term 
Base formation of 1450 (monthly consolidation level ) after hitting $US1565 - now enjoy the Rally mode back up throughout end of this year  to beginning of next year...feels gold could progressively move toward US $1650 to approx 1690 next year. Interesting comments regarding
Federal reserve - instances where both equities and gold can move higher together

https://www.kitco.com/news/video/show/Outlook-2020/2644/2019-12-16/Is-the-gold-price-forming-a-base-How-2020-may-shock-you#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DOutlook-2020

I know its hard to watch Eldorado, out of all gold stocks to continuously be beaten back down to the mid $9.00 cdn and lower range but averaging may be a good option for those who can & Cheers to all patient investors
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