Today, Endeavour Silver Reports Production for Second Quarter, 2009; Produces 578,641 oz Silver (Up 12%) and 2,750 oz Gold (Up 61%) or 762,891 oz Silver-Equivalents (Up 21%) Compared to Q2, 2008. It looks like that EXK has moved higher from support. MACD turns positive and 5 days moving average is about to cross over 10 days moving average. At least in short term it is moving higher. In the longer term, Gold and Silver can not have much better fundamental, which definately adds to the upside of EXK.
Disclosure: Long EXK.
No comments:
Post a Comment