RE:RE:RE:RE:8 ranked analysts offering 12 month price targets for EGOI feel the pain along with my fellow Eldorado investors. Most stocks have now had a 25% to 50% series of haircuts and investors are still scared to re-enter or even average down at these bargain levels because of UNCERTAINTY created by this ongoing pandemic virus.Yes -I agree that the data shows continued manipulation as indicated by Algowins (Link here);
https://www.algowins.com/?wdt_column_filter%5B1%5D=EGO But a quick check on BNN Bloombergs Gold stocks to watch also shows that Gold is down & Eldorado is not alone on being hammered today - it's just a larger hammer (ouch!) (Reference link here):
https://www.bnnbloomberg.ca/gold I think what really surprises owners of Gold stocks is that we all have been led to believe that in times of panic - most heaed to Gold bullion and Gold mining stocks. Well we were wrong as they went to bonds and cash and Lesson learned for me. Maybe if we do head towards a recession and the US dollars dives - then Gold and gold miners will begin to see a renewed following. And when the Fedz lowered interest rate to Zero with a near potential of ensuing negative interest rates to stave off a recession...well...Warren Buffett said the prospect of negative interest rates is a bit confusing.
“They puzzle me, but they don’t scare me,” Buffett said in a Yahoo Finance interview when asked if negative rates frighten him.
(Reference link):
https://www.bnnbloomberg.ca/warren-buffett-says-negative-rates-are-puzzling-but-not-scary-1.1408219.
It's hard to be patient while the price of Eldorado is literally shaken up and down like a rag doll but Stay the course...as panic among investors here will only benefit shorters, hedgefunds and those with deep pockets searching for blood on the streets...your blood if you sell at a loss now.