Bullboard - Stock Discussion Forum 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... see more

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Endeavour Mining plc

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Comment by mercedesman on Nov 11, 2020 12:12pm

RE:RE:RE:RE:RE:RE:RE:RE:any guess as to the 2Qt results?

mercedesman wrote:

ATP300 wrote: Good call on the divergence between POG and gold stocks.
Now that both POG and stocks corrected today we still have a
divergence though. Any thoughts on where we go from here?

Down, then up.

The down could be hours, days or a few weeks. (as long as it takes for the bullion banks to cover their short positions on gold, and for equities to move from over bought to oversold)

But the "up" should be impressive.

How far down? Who knows. My gut says the old resistance ($ 28 to $ 29) will be the new support. That's where I will reload my trading postions, if not before.

MM

Reloading today in the 29's

This has been pushed too far by (the world is saved) Pfizer news and potential TGZ merger. Earnings should trigger a nice reversal, unless there is a nasty surprise (rare for EDV)

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