Ely Gold Royalties Inc ELYGF

POG vs Sr. miners ETF (GDX)

[feenewbie]

Anyone notice the disparity between the POG and the Sr. Miners?  While POG continues to rise, Sr. Miners can't seem to follow and are trading somewhat sideways.  Price is very volatile.   As flashcash noted, rising POG = $$ for Ely.  That said, IMO it may be that investors are eyeing mining companies' Q2 results cautiously re closures from Covid, hence the royalty companies may be under some pressure until that issue is resolved (EMX and Sandstorm have been trending lower too). This could then perhaps translate into some nice $$ down the road. Thoughts anyone?

(Colt it looks like all of your gaps have been filled - but I'm not sure anyone would thank you for it, lol!)

TA's for those interested:  Hah - TA's  changed quickly as I was typing this lol - buyers bought the lows!!!

As they could still be applicable, I will provide the TA's anyway:  Ely may soon see an oversold bounce (RSI coming down to below 30?).  A double bottom may come into play and would be welcome for a potential bounce up.  Daily Slow Stochastic is now under 20 - some investors consider a Slow Sto under 20, with an improving RSI, a buying opportunity.  In looking at Ely's chart history, Ely usually bounces from this low Sto area, so IMO, selling at this level is a confliction of the buy low/sell high strategy = hold if you can IMO?????.   It could still go lower into the Slow Sto area, so it should probably not be considered a short term momo play, unless you are a trader rather than investor.  (All IMO so consider your individual risk tolerance!)