Endeavour Silver Corp (EXK)

[gharma]

Interesting view on the scale of (known) sovereign fund growth in gold holdings. Your analysis of the volume puts a different perspective on this trend of the past few years compared to the spin in articles that have only been quoting the absolute quantities, 200 tons, etc..
All the same, the fact remains the gold is back, it is being bought and added to the reserves, and at these prices. That is a radical change for just a decade plus back when it was being liquidated at around $400 +/-. I guess that is what can happen when one is a government and has (hopes for the usefulness of) a long-term, multi-century viewpoint.

Thanks for sharing your research/analysis.