Added to Equinox Gold Corp. (EQX)

After breaking down last week, and seeing what appears to be false breakdowns in the major miners like NEM and GOLD, I am comfortable adding to EQX assuming it’s breakdown will also reverse. It has already done that the last couple days, but I’m expecting a longer term trend higher to start again soon, so we have added to our EQX holdings, buying the shares at an average cost today of $2.97 and will look to buy more into pullbacks when they occur. Here is a weekly EQX chart, and there is very little doubt in my mind the stock will blow through it’s 200 week MA up near $7.20 per share. Just reaching the 200 week MA would be a 142% gain from where it is trading right now!