RE:RE:Increases Reserves at Houndé by 41%; Kari Pump High-Grade...
MM
Apologies for reposting this over and over but it is telling...
https://schrts.co/FbGtHpqB
It's my belief (and I could be absolutely incorrect), that most of the day to day trades are just a wash. algorithmic trading. with POG, GDXJ, GDX, etc as inputs. Boring stuff - though does provide some liquidity. Enter in an actual larger buyer or seller (or an ETF rebalancing) and that skews/modifies the algorithim in the short term.
That large candlestick on June 17 (?) and drop down to 18.91 was what broke what probably otherwise would have been a near perfect correlation to GDXJ. That is, instead of being at 24 - it's at 21. slowly resolves itself over time. those two lines will intersect again - just when and where.
Bottom line is there needs to be more interest generated in EDV instead of just wash trading. Perhaps this will spill over with what appears to be the resumption of gold moving up.
tC