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GDXJ - VanEck Junior Gold Miners ETF

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Sean K

Sean K

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Fund Description​

VanEck Junior Gold Miners ETF (GDXJ®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Junior Gold Miners Index (MVGDXJTR), which is intended to track the overall performance of small-capitalization companies that are involved primarily in the mining for gold and/or silver.

Detail here.

Screenshot 2023-04-13 at 7.39.41 am.png


Has recently run very hard and I think it's beating the GDX, which might be expected since it was probably overly smashed the past year or so. $65 to $25...

Looks like it might have seen a bottom down there to me. Already run to $42, but still a long way off ATHs.

AUD POG in clear air. If USD POG breaks through $2070, this should do very well as long as general equities don't implode at the same time and the punters just sell everything.

Screenshot 2023-04-13 at 7.26.36 am.png
 
GDXJ has halved in two years while POG has been poking around ATHs.

Sure, there's been inflation, interest rates up and it's getting harder to get capital, but seems like the juniors have been oversold generally speaking. So unloved.

SSR 10th largest holding. :oops:

Screenshot 2024-02-14 at 10.13.45 am.png
 
BTL finance posted this chart last week, and looking at it one can see a nice symmetrical similarity between what 2023 and what is happening now. Given that the GDXj as of this morning is still above last weeks level, it may well be that history is repating.
I hope so.
Mick

1708723259581.png
 
mullokintyre said:
BTL finance posted this chart last week, and looking at it one can see a nice symmetrical similarity between what 2023 and what is happening now. Given that the GDXj as of this morning is still above last weeks level, it may well be that history is repating.
I hope so.
Mick

View attachment 171483
Click to expand...

I assume from this he’s saying the juniors are about to go on a hard run north?
 
IMO the major gold producers need gold to get above $2200 (>10% rise) to make up for rising costs. The juniors (unproductive) will need a raging gold price to attract speculators. What's the probability that the fixers will let POG rise too much?
 
peter2 said:
IMO the major gold producers need gold to get above $2200 (>10% rise) to make up for rising costs. The juniors (unproductive) will need a raging gold price to attract speculators. What's the probability that the fixers will let POG rise too much?
Click to expand...

JP Morgan might have covered their shorts by the look of it.
 
Some nice consolidation occuring. Bouncing around that top blue line on the weekly would be nice.

Screenshot 2024-04-24 at 4.11.29 PM.png
 
side question:
I know about GDXJ in the US,I bought in the past, but is there an asx equivalent?
I could not find it when trying to buy some earlier this week but it could be my super filtering access,,they like to ensure Io nly play mainstream
 
GDXJ still showing a longer term turn around story. Bottomed out at 27 in mid/late-22 then based until the start of this year before starting an upward trend.

Still a lot of junior goldies, particularly explorers, who are still hated by the market.

Screenshot 2024-06-21 at 9.48.53 AM.png
 
qldfrog said:
side question:
I know about GDXJ in the US,I bought in the past, but is there an asx equivalent?
I could not find it when trying to buy some earlier this week but it could be my super filtering access,,they like to ensure Io nly play mainstream
Click to expand...
I couldn't find it on Commsec.

gg
 

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