Endeavour Mining plc T.EDV

EDV

[celestialman10]

What's holding the stock down/back?

[RONNIE111]

I would say that the main and perhaps only thing holding back EDV and most other gold companies is that the trading algos are programmed to buy and sell on the price of gold, and nothing else. Good article on Kitco today by Sprott explaining, convincingly to me anyway, why gold is about to resume the path up after a year and a half of, very healthy , consolidation.  

[celestialman10]

Thanks!

[theCurse]

I think it's a bit more complicated than just that.  Any outside selling or buying pressure seems to extend the downward or upward price for much longer than normal trading would.  that is, it does not bounce back.  I would guess non-algo supply/demand, gold etf movement and POG are all involved.  POG obviously heavily weighted. If you look at where it is now <$28, it