Endeavour Mining plc T.EDV

Gold...

[mercedesman]

...equities seem to be sniffing out a potential FED pivot (or at least stall in rate hikes)....probably as a result of what happened recently in the UK.

I'm not convinced Powell wants to lose what little credibility he has left in the short-term ...at least not until something breaks (e.g. the bond market) like it did in the UK.


It just suucks that the moment we get some life in gold equities - -it happens to co-incide with a BF coup (i.e regular event/revolving door).  Perhaps we'll just lose a day or two of relative gold equity appreciation.  Either that or the ST appreciation will stall once the FED re-iterates it's "get tough on inflation" stance yet again.

In any event, 2023/24 will get VERY interesting as all fiats sequentially start to fail and the USD strength destroys what's left of the world's Monetary system.   Even big countries are in trouble (e.g UK, Japan, China, etc.).  Will the BRICs introduce a partial gold standard?    

Hisotirc paradigm shifts coming. Stay the course !

MM

[Dale327845]

MM All very good points.   I would add, or agree, that at some point, perhaps soon, what the Fed does will no longer matter.  With   all the madmen, and in the UK a madwomen, loose in the world, it does seem that the up and coming financial reckoning could be the least of our problems.  All good for gold of course. And it seems to me that equity markets, especially in

[mercedesman]

Agree for the most part.   All points that will be good for gold in the short to medium term (subject to another nasty leg down, or two, after this dead cat bounce). EDV flat to red for two days after an excellent 10% + rally in many gold equities.  Bad luck on the Coup thing.  They can't seem to catch a break. Catch up rally tomorrow?   Maybe if all equities

[marben100]

Not at all keen on Russian "security". They might want more than just money (especially not fiat).  Fortunately this source: https://www.france24.com/en/live-news/20221004-pro-russia-demonstrators-rally-in-burkina-after-coup suggests that Traore may not be all that keen on the Russians (unlike some of his supporters). I would hope that Sebastien is lobbying UK, French and US

[marben100]

...and, I should add, the Canadian government too.

[theCurse]

Any thinking that a coup is just another coup in Africa is very lazy thinking.  So for anyone to suggest it does not affect the market is ridiculous.  Yes, they occur and usually things return to some near norm.  every once in a while they do not.  that is risk. That's why EDV is valued so much less than peers in safer regions. tC

[Dale327845]

Nobody denies that there is somewhat of a risk premium in West Africa.  Is it fair, or accurate?  Hmmm , Kinross, and others figured Russia was a pretty good bet, and it was for years and years.  And I read more and more about possible civil war, a coup basically, in America, supposedly the safest place of all.  My point is that all miners face all kinds of risk premiums of all

[goldstd69]

I personally avoid places like russia, turkey, and much of africa but west africa appears on the surface to be more tempting....despite the routine coups in west africa I would think the last thing the military juntas want is to interrupt gold production..those miners in west africa are providing jobs and building schools, hospitals etc and likely paying huge taxes.  Always follow the money

[mercedesman]

also generally avoid South America and Centra America. And of course Eastern Europe now.  Even parts of Canada are mired in environmental, political and indigenous peoples red tape. And let's not talk about China and south east Asia   point being, everything has some risk. Well run companies find a way. Don't put all your eggs in one basket or country full of basket cases