This really surprised me -- Last night I was delighted to find
out about GDXJ (Juniors). Well, having just overlayed it on GDX, it
seems that they trade identically. Perhaps if gold breaks out and
goes on a tear then GDXJ will start to outperform, but I'm struck
by the fact that during this consolidation it hasn't underperformed
at all -- Any thoughts?
Posted by axehandle on 26th of Feb 2010 at 03:40 pm
The percentage moves are greater though. for example. lows to
highs on 2/5 to 2/17, GDXJ increased 20% vs GDX 15%, roughly. Might
make sense to use GDXJ when getting Matt's GDX/GLD signals.
GDX AND GDXJ 60 MINS
Posted by puma on 26th of Feb 2010 at 02:44 pm
This really surprised me -- Last night I was delighted to find out about GDXJ (Juniors). Well, having just overlayed it on GDX, it seems that they trade identically. Perhaps if gold breaks out and goes on a tear then GDXJ will start to outperform, but I'm struck by the fact that during this consolidation it hasn't underperformed at all -- Any thoughts?
The percentage moves are greater
Posted by axehandle on 26th of Feb 2010 at 03:40 pm
The percentage moves are greater though. for example. lows to highs on 2/5 to 2/17, GDXJ increased 20% vs GDX 15%, roughly. Might make sense to use GDXJ when getting Matt's GDX/GLD signals.
Thanks Ax -- I hadn't
Posted by puma on 26th of Feb 2010 at 03:46 pm
Thanks Ax -- I hadn't dug deep enough to see that.