Gdxj A Discussion Threads

[wskill] 10/5/2024 04:48

Thanks Pap pleased I increased my holdings here and gdx, holding a lot of GPM but how they move is weird in comparison not unlike Fres.
Still talking to friends very few have meaningful holdings in gold I try and say get at least 10% into precious metals before it's too late and this borrowing tsunami destroys value in equities it falls on deaf ears I am afraid.

[papillon] 09/5/2024 21:44

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GDXJ log chart. The GDXJ long term chart turned Strongly Bullish at the start of April when a Strongly Bullish "Golden Cross" appeared on the chart.

[lovegod2] 17/4/2024 09:35

I think $38 would be a good entry point again..but who knows ?

[wskill] 12/4/2024 14:36

Looking at the number of shares traded today there is lots of interest compared to the past few months .

A very good sign for me will top up a few more when funds allow.

[lageraemia] 12/4/2024 14:26

A relentless rally......yet no one is here......still time to get in near the bottom.

[borisjohnsonshair] 04/1/2024 10:23

Many thanks. Encouraging despite being confusing. A little more patience needed.

[lageraemia] 04/1/2024 09:25

Cheers Papillon! Nicely done

[papillon] 03/1/2024 21:18

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5 year GDXJ chart overlaid with the Gold & Silver price charts. Over this 5 year period the Gold & Silver price are closely related. It does appear that the GDXJ share price is more closely correlated to the Silver price than the Gold price over this 5 year period.

PS you'll find the GDXJ share price correlates more closely to the Silver price than the Gold price because the Silver price is far more volatile than the Gold price. Obviously the GDXJ share price is a geared play on the Gold price so will be more volatile than the Gold price.

[papillon] 03/1/2024 21:02

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The GDXJ Ichimoku chart is currently bullish.

Junior Gold miner's are currently out of fashion with investors, BorisJohnsonsHair. That will change when Gold goes on another Bull run.

[lageraemia] 03/1/2024 20:42

That's a mystery to me too - have a look at how the charts correlate.

That will be an excellent thing in the late cycle when silver is the ricket ship!

[borisjohnsonshair] 03/1/2024 15:58

Why does it follow Silver price, it's Gold juniors.

[lageraemia] 02/1/2024 10:59

"What is wrong with fund. Sane price as when gold was USD1700"

THAT is the interesting question indeed.

Firstly, we've yet to see the seniors take off, which wil happen first I think.

Secondly, GDXJ correlates much more strongly with the price of Silver than with Gold. When Silver goes off on a benny, GDXJ will I suspect.

Thirdly, inflation and increased costs for the producers, therefore the rising AISC of production has eaten up a lot of what would otherwsie have been better margin.

The lower oil proce in H2 2023 hasn't been reflected in the company financial reporting yet, so there could be a positive surprise in theis quarter's reports.

[borisjohnsonshair] 02/1/2024 10:17

What is wrong with fund. Sane price as when gold was USD1700

[lovegod2] 21/12/2023 19:55

next target $44. good luck all.

[borisjohnsonshair] 19/10/2023 06:50

Why was this fund down yday despite a large jump in POG??

[papillon] 10/8/2023 18:03

Circa 30p is a key support.

[papillon] 09/8/2023 15:30

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GDXJ 3 year log chart. Bearish H&S pattern forming, recently, on the chart? Possible target price $25?

[borisjohnsonshair] 30/3/2023 07:24

Juniors results will rocket with the gold price at US$2k. If one as AISC of US$1200 their profits doubling from the low US$1600 pog in Oct 2022. GDXJ could be US$100 if pog hits US$2.5k (when)

[lageraemia] 20/3/2023 18:18

Looking perky!

The falling price of oil should be more reflected in the price o9f the GDX as that's the major cost driver for mining. With gold near all time high, cash flows are astronomical compared with the rest of the market.

[lovegod2] 04/5/2022 09:58

Here we go ..gold starting its march to 2500 by end of year

[lageraemia] 29/6/2021 11:29

The average cost of production, even with the 'juniors' is around $1000/oz.

The big guys have got only 8-10 years of reserves on average.....

They've spent the last decade repairing their balance sheets - no investment in exploration or development (or even existing mine upkeep) to pay for the silliness in 2010 when they all made acquisitions at silly prices. They've also been selectively mining their higher grade deposits to improve cash flow to the detriment of reserve life.

Covid has delayed the next cycle of M&A by a year......i.e compared with this time last year they have more cash (most in history), less debt (zero net debt in senior sector for first time ever) and 1 year less reserve base....all of which makes the drivers for M&A unbelievably strong even if silver and gold prices stay at this level for a while.

The rest of the market will have to wake up to this at some point.

The start of the next round of M&A my be the catalyst and not necessarily Gold and Silver breaking new all time highs.

[galeforce1] 29/6/2021 11:14

lager - agree that a junior goldmines ETF like this does look very tempting here. Gold is still $1770 an ounce. Most gold miners are very profitable at that price.

Many of these 'junior' miners are in fact quite large.

But gold and gold miners seem to be an unfashionable investment for the moment.

[lageraemia] 29/6/2021 10:04

Jeez

Back to $39 - Last time it was here in May 2020, Gold was still lower than it is today and hadn't just spent a whole year over $1700.

The balance sheets of this sector are going to be mind blowing for this year, and the seniors are going to have to start gobbling up the Juniors too.......so a year without M&A to boot.

[lageraemia] 07/5/2021 10:30

I think we're off to the races real soon