Goldtent TA Paradise

odd volume

1. EagleSeagle says:

   May 1, 2017 - 10:17 pm at 10:17 pm

   Nice observation, buying the dip…

2. Tbone says:

   May 1, 2017 - 11:21 pm at 11:21 pm

   I noticed that too today. Is it from dumping gdxj as a trading vehicle?

   • Highroller says:

     May 1, 2017 - 11:32 pm at 11:32 pm

     do not think so as there was many sellers also. Perhaps a recycling for bookwork??? Altho as fast as someone dumped, someone bought so strong point of resistance as shown from past. Low volume today so me assume sellers pooped out. I’m figuring on La Pen to win on Sunday and Euro up gold down again but I do not live in France and cannot feel the true pulse so could be wrong.

3. Fullgoldcrown says:

   May 1, 2017 - 11:31 pm at 11:31 pm

   Yes it Has to be that this has become the defacto Junior Miner ETF.

   GDXJ is NOT a Junior ETF any more.

   Good eye bud

4. YYZ says:

   May 2, 2017 - 12:47 am at 12:47 am

   VanEck shills doth’ protest too much (Secular Investor). I chose some excerpts from the article below but really to get the whole argument with charts and all go to the actual link.

   http://www.zerohedge.com/news/2017-04-30/gdxj-killing-market

   “So, even if the GDXJ would close its doors for new investors (by for instance suspending the creation of new units), the money would still flow into the sector, and the issues wouldn’t be solved at all” << yyz's editorial, this point is laughable as investors would ACTUALLY own a jr. miner!!). "Only the ‘convenience factor’ would go down." << boldface lie "In fact, the best way to solve the current size of the GDXJ is simply to wait for a market correction."

   "After all, most of the ETF buyers are investors who want to get exposure, but lack the time or resources to really investigate every company and pick the best amongst them. So these will almost per definition also be the investors who’ll sell their GDXJ units during the next correction on the gold market. The majority of those who got into the GDXJ will get out again."

   "Will this result in a higher volatility on the markets? Sure. But there would be no difference compared to how the market would have reacted if those ETF buyers would have bought the underlying stock. So it essentially is a non-argument. Another non-argument would be to suggest other ETF’s to investors, such as the smaller Sprott Gold Miners Trust." << actual Juniors but article doesn't acknowledge. "Not only would this just be ‘transporting’ the problem (after all, whether the funds are invested in ETF A or ETF B, the market positions will continue to be bought or sold depending on market circumstances). "

   This whole article is a joke since it not once addresses the fact that the whole point in owning GDXJ was for JR. miner exposure. It would seem to me Secular Investor and VanEck are not at arms length.

5. Marauder says:

   May 2, 2017 - 8:28 am at 8:28 am

   Couldn’t help but noticed the spikes in volume for SGDJ since late April. Finally some pick up in institutional interest in Sprott’s Jr Miners ETF? And we would probably start seeing a slew of copycat funds launch once serious money start pouring in the mining sector.

   • Fullgoldcrown says:

     May 2, 2017 - 8:44 am at 8:44 am

     Hmmm Maybe a Spock Miner ETF ?

     🙂