Equinox is one of my favorite Gold miners.
Today it held the bottom of a pretty long channel quite well. Broadly, the Gold sector is holding up strongly.
There is still risk if the DXY wants to bounce off its extreme oversold condition, and that could send stocks and Gold into a correction.
But I posted GDX to show that this name is small enough (and undervalued enough) to move independently of the sector at large. During the last pullback / consolidation, EQX still trended higher strongly.
Today it held the bottom of a pretty long channel quite well. Broadly, the Gold sector is holding up strongly.
There is still risk if the DXY wants to bounce off its extreme oversold condition, and that could send stocks and Gold into a correction.
But I posted GDX to show that this name is small enough (and undervalued enough) to move independently of the sector at large. During the last pullback / consolidation, EQX still trended higher strongly.