Equinox Gold Ord Shs T.EQX

Buy the dip today

[stanjs]

Yesterday (28 Apr 2021): Support = green bar with high volume
Today: the yesterday's low held. Buy the dip!

EQX is a favorite for traders to short because it is trading below the 50MA and 200MA. But this has created a widening underperformance with the price of gold. Such a gap makes it attractive for value investors. Furthermore, the Federal Reserve will "continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgagebacked securities by at least $40 billion per month".
 
Buy when the gold stocks are cheap!

[Horsesmouth2U]

Trouble is everyone buying the dips for the last year. Continues down down down down. Gold down $6 bucks and we drop like a rock. Worst stock in my portfolio. Nothing to do but b!tch. Seriously pathetic.

[stanjs]

I'm sorry to hear about your misfortune. The correction in price of gold from August 2020 till March 2021 lasted 8 months in spite of the quantitative easing. Bitcoin can't be manipulated by the banks with fake supply, so it went up during this time. Nobody knew how long the correction would have taken. I myself suffered losses in other gold stocks for a few months.  But look at the

[wolfe1]

Here's hoping $9.85 holds, looks likelyit will with a little help fron the POG

[Aurum79]

   im backing up the truck here. easist 50% gain i'll ever make over the next 12-18 months. see you folks on the up side.

[stanjs]

Paper gold price just took out last week's high. EQX overnight shortsellers should be buying back their positions nows.