Geologix Explorations Inc GIXEF

RE:that could be the reason

[oznerr1]

Dave Kranzler June 12/14 "…Likely by smart money. With hedge funds piling into the short side of gold and silver futures – and likely shorting and naked shorting junior mining shares aggressively – it “smells” like the smart money is starting to flow aggressively into the junior mining shares. My colleagues and I have noticed over the last 10 or so trading days that more often than not, the leveraged mining stock trusts are trading higher in the last few minutes of trading on big volume spikes. Today is a textbook example (click on the graph to enlarge):... The graph above is a 1-minute chart of JNUG, which is 3x the GDXJ junior miner share trust. You can see the big volume spikes and the move higher in the last 20 minutes, but especially the last couple of minutes. I would surmise that the last few minutes included short-covering by the hedge funds. I’ve also noticed that junior miners with very high short positions, Allied Nevada for instance, have been popping up on any given day with no related news or apparent fundamental reason. Last Friday was Eurasian Minerals, EMXX. This week there have been several. This is both smart money accumulation and short-covering. The junior mining stocks are the best stock market investment opportunity that I’ve witnessed in nearly 30 years of studying, researching, trading and investing in all of the markets. ..."
Read more at https://www.stockhouse.com/companies/bullboard/t.rmx/rubicon-minerals-corporation#UzQkIVTOCmZEEeMW.99