Osborn points out that it is good to see the event prioritising and reintroducing a focus
on junior miners again.
Not exact matches
But I'll still keep my eye
on the gold
miners and exchange - traded funds (ETFs) such as the BMO
Junior Gold Index ETF.
They also bought $ 25 - million (U.S.) worth of call options
on the Market Vectors
Junior Gold
Miners ETF (GDXJ), leveraging their position beyond the two million shares they already held in the ETF.
SHRINKING profit margins and dwindling cash balances in the
junior mining sector are not only putting pressure
on miners, but also those who provide key services to the sector.
The $ 1.97 billion Market Vectors
Junior Gold
Miners ETF (NYSEArca: GDXJ) was also caught in the sell - off, tallying losses of 9.15 percent
on average daily trading volume that neared 3 million shares.
The VanEck Vectors Gold
Miners ETF (GDX) and the VanEck Vectors
Junior Gold
Miners ETF (GDXJ)-- both hugely popular gold ETFs that we consider GOAU's main competitors — are structured mostly
on market cap.
Liquidity: The U.S. Global GO GOLD and Precious Metal
Miners ETF (GOAU), VanEck Vectors Gold
Miners ETF (GDX) and VanEck Vectors
Junior Gold
Miners ETF (GDXJ) can be purchased or sold intraday
on the New York Stock Exchange.
Meanwhile, flat gold prices weren't enough to keep Direxion Daily
Junior Gold
Miners Bull 3X ETF (NYSEMKT: JNUG)-- a volatile, leveraged bullish bet
on the precious metal — from falling 5 %.
They then test the strategy
on each of the triple / inverse triple (3X / -3 X) pairs associated with the following six base ETFs: Financial Select Sector SPDR (XLF: FAS / FAZ), Powershares QQQ (QQQ: TQQQ / SQQQ), iShares Russell 2000 Index (IWM: TNA / TZA), SPDR S&P 500 (SPY: UPRO / SPXU), VanEck Vectors
Junior Gold
Miners ETF (GDXJ: JNUG / JDST) and Energy Select Sector SPDR (XLE: ERX / ERY).
ResourceClips provides clear, accurate reporting
on topics related to Canadian - listed
junior miners and explorers.
This ensures that
junior miners will attend and participate, since that is the fundamental aspect
on which the event is based — to match
junior miners or exploration companies with investors.
Jay introduces the program, gives updates
on sponsors, talks about Chen Lin's newsletter and says it is difficult to invest in
junior miners.
Investors were completely confident in the hot momentum stocks (like the banks) but were not terribly confident in the inflation beneficiaries like the gold
miners, whose
junior brethren were largely domiciled
on the TSX.V.
I discussed this in depth in a Morning Note
on March 12th titled, «What the Gigafactory Means for the
Junior Miners».
We opened this short position
on the
junior mining sector
on March 18th with the belief that gold stocks, and especially
junior miners, would fall continually over the coming months as gold prices dropped.
The versatile
junior already ranks top - 10
on UTEP's all - time rushing list, and all eyes will be
on the
Miners star.
One
junior miner looking to capitalize
on the growing demand for this commodity is Graphite Energy Corp..
Unfortunately,
junior miners are often in need of cash based solely
on inferred resources, which are really just someone's «best guess» of what happens to be in the ground at the time.
For our recent report
on a Canadian penny stock with a big project in progress, read
Junior miner aims for big payoff in the Yukon
His more bullish gold outlook is based
on seasonality patterns, the long - term basing pattern of gold, and the leading movements of
junior gold
miners (via GDXJ):
In trading
on Thursday, the
Junior Gold
Miners ETF (GDXJ) is outperforming other ETFs, up about 2.5 %
on the day.