GREY:AVGCF - Post by User
Comment by
knowsnothing613on Mar 27, 2012 11:53am
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Post# 19723008
RE: RE: How significant is Financial Report?
RE: RE: How significant is Financial Report? I'm gonna share a lil secret with you. The average retail investor doesn't buy gold miners. The demand for gold miners comes from ETFs. And a lot of the liqudiity in the junior gold sector comes from one ETF: GDXJ
https://www.google.ca/finance?q=NYSEARCA%3AGDXJ
most ppl believe GDXJ tracks the junior gold space, but I posit the opposite directionality. That GDXJ moves the junior gold sector.
Look at how well AVR.to tracks GDXJ
https://stockcharts.com/freecharts/perf.html?gdxj,%20avr.to
So the analysis is simple. Whatever the trend in GDXJ, it wil be mirrored in the junior gold space.