Portfolio Update: Latest Action
Increased Sage Gold Novo Resources Sunvest Minerals Otis Gold Americas Silver Santacruz Silver Decreased Fiore Exploration Gungnir Resources
Continue reading » Tag: Gold
Chart of the Day: GDXJ
The miners have taken a real beating over the last couple of weeks, and as of now GDXJ (Junior miners) are below the floor of the giant wedge formation (Bearish)… Notes: Below wedge floor (Bearish unless it’s a fake break, which in that case would...
Continue reading » Chart of the Day: Bitcoin vs GDX
During the last two years, divergences between Bitcoin and GDXJ has tended to converge again after a couple of months. With Bitcoin’s recent meteoric rise, this divergence is substantially bigger than what has been seen during this time frame. It will be interesting to...
Continue reading » Correlations During the Last Two Months
Lets take a look at the correlations during the time period 2017-03-01 to 2017-05-01: Data Observations GDXJ correlation with gold literally went down the drain, with a coefficient of only 0.06! Probably a lot to do with the GDXJ rebalancing. Gold saw...
Continue reading » Chart of the Day: Gold vs. S&P 500
… Which one would you consider a bargain ATM?
Continue reading » GDXJ: Time to Look For Opportunities?
Perhaps you have heard about the issues Van Eck have had in regards to GDXJ, in that the ETF has experienced such big inflow volumes that it started to push 10%+ ownership in some miners. This has led to operational problems and can lead to...
Continue reading » A Look at Gold Miners Correlation Numbers
Background In the last couple of days, some of my best performers have been Novo Resources and Orca Gold. These two companies performed pretty well despite gold posting a minor decline. I have personally found that the mentioned shares seem to trade somewhat differently compared...
Continue reading » Portfolio Update
Bought some more shares of Sage Gold, Southern Silver Exploration as well as Kootenay Silver. Sold a small percentage of Golden Arrow Resources. Also added a small position in JDST (A 3x leveraged gold junir bear ETF) for hedging purposes. I think the next few days...
Continue reading » Chart of the Day: Turkey Showing us a Glimpse of the Future?
Turkey today is a good example of what I believe we will see happening in most countries in the coming years. Namely surging inflation along with heightened worries about the solvency of entire nations. Oh and to every MSM financial pundit that can always be...
Continue reading » Another Rally in Gold, Another Day with Miners Being Capped at Trend Ceiling…
Gold popped on Trump’s comments about wanting a weaker dollar as well as a low rate environment going forward: Miners yawned. Especially the junior miners index (GDXJ) that was yet again capped at the “You Shall Not Pass” Trendline: The...
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