Some investors here read the burkino faso news. Barrick have mines suspended in Mali and the risk for Endeavour of anything similar is in BK if it were to happen. Tony
Latest article on gold eagle news is that goldminers will lead gold down in short term. We are in for a serious 3 to 4 week pull back. Very risky. Some miners were massively overbought on the daily and weekly technicals. Tony
RE: USA market gapped out on gold price.18 Feb 2025 14:54
Gap expanded on gold charts as pressure to go higher is pushed through. Gold miners are generally not following through on the London markets although TX and Barrick Gold gained a little. Endeavour mining SP sitting in no mans land.
Not surprised this is falling back. Future economic news and government debt is not good and NG is just reflecting the difficulty of making profits along with so many other companies.
On a pullback, awaiting to see where it finds support. Sold 10% in 1790's in case this was going to happen. Will buy back when dust settles from overbought.
After an uplift in Asia it looked good until the USA open and then wallop. Surprised that we head into this weekend with a gold sell off. Again Endeavour could only manage an 1805 area top this morning.