RE:RE:HOW BAD IS THISCould also be that funds are long leaders and short laggards within GDXJ components.
EQX has been lagging and bound to get the short leg, silver miners are favorite leaders.
However, if you look at what happened in the past 6 months: strikes at Los Filos, acquisition, share dilutions, etc.... all the bad stuff has already taken place and no more surprises to the downside.
Look at Fortuna SIlver Mines just announced an acquisition of Rox Gold out the blue, and the stock tanked hard 14% in 2 days. Aren't you glad that EQX did their acquisition 3 months earlier, so that we can enjoy a nice gold ride to $2500/oz?
Double bottom at 7.72(CAD9.76) is highly likely, i.e. we may never get that price again.