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Bullboard - Stock Discussion Forum Equinox Gold Ord Shs T.EQX

Alternate Symbol(s):  EQX

Equinox Gold Corp. is a Canadian mining company operating entirely in the Americas, with eight producing gold mines. Its operating mines include Aurizona Gold Mine, Fazenda Gold Mine, Santa Luz Gold Mine, RDM Gold Mine, Los Filos Gold Mine, Castle Mountain Gold Mine, Mesquite Gold Mine and Greenstone Gold Mine. Its development projects include Greenstone Project, Los Filos Expansion, Castle... see more

TSX:EQX - Post Discussion

Equinox Gold Ord Shs > EQUINOX BREAKS ALL THE RULES
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Post by Horsesmouth2U on May 10, 2021 12:16pm

EQUINOX BREAKS ALL THE RULES

So when gold was at $1780 we were trading around $11.10\share (just back a few weeks) and now gold is up $60 dollars from there and we are trading at $10.56.

No way in hell to figure this stock out. I was going to step in for another 20,000 shares this week after that decent webcast.....but of course the shorts get their way again.

Gold goes up we go down, gold goes down we go down!!!!
Comment by Aurum79 on May 10, 2021 12:59pm
Gold is held up at the 200 mda, looks like EQX as well. Once that breaks however, many believe the moves that are to come in this market will be historical. 
Comment by stanjs on May 11, 2021 12:46am
technical traders are shorting EQX because the chart pattern is bearish technically (sell). but they do not hold for long term, so as long as gold price continues to go up, the undervaluation will draw in more investors which will buy up the shorts.  As for trading against the shorts, 3rd or 4th May were extremely good entry points (doji candle). Yesterday may seem bearish, but it provides a ...more  
Comment by Aurum79 on May 14, 2021 6:11pm
We made our dip to ten again, and if it's the technical traders moving this market, it's arguable a quick run to the $14 range is just around the corner. 
Comment by themason on May 11, 2021 1:04pm
Sometimes i wonder if they are shorting this close to home ????????!!!!!!!!!