seems like a good proxy

 

“Global X Gold Explorers ETF”,,,,

“Fund Holdings Data as of 10/12/2018”,,,,

“% of Net Assets”,Name,”Market Price ($)”,”Shares Held”,”Market Value ($)”

5.922,”KIRKLAND LAKE GOLD LTD”,21.15,”97,649.00″,”2,065,709.58″

5.047,”PRETIUM RESOURCES INC”,8.27,”212,977.00″,”1,760,640.38″

5.032,”OCEANAGOLD CORP”,2.95,”595,524.00″,”1,755,305.62″

4.348,”B2GOLD CORP”,2.63,”577,746.00″,”1,516,649.77″

4.307,”SSR MINING INC”,10.57,”142,143.00″,”1,502,386.48″

4.158,”SARACEN MINERAL HOLDINGS”,1.51,”961,263.00″,”1,450,250.54″

4.114,”ST BARBARA LTD”,2.87,”500,395.00″,”1,435,102.62″

4.113,”ALAMOS GOLD INC-CLASS A”,4.90,”292,932.00″,”1,434,530.37″

3.933,”REGIS RESOURCES LTD”,2.96,”463,421.00″,”1,371,936.44″

3.759,”INDEPENDENCE GROUP NL”,3.12,”420,609.00″,”1,311,045.07″

3.273,”NOVAGOLD RESOURCES INC”,4.16,”274,455.00″,”1,141,732.80″

3.065,”COEUR MINING INC”,5.43,”196,906.00″,”1,069,199.58″

3.021,”CENTAMIN PLC”,1.33,”790,527.00″,”1,053,619.96″

2.837,”TOREX GOLD RESOURCES INC”,9.84,”100,549.00″,”989,436.74″

2.732,”TAHOE RESOURCES INC”,2.95,”323,368.00″,”953,126.44″

2.728,”SEMAFO INC”,2.46,”386,214.00″,”951,601.89″

2.467,”ELDORADO GOLD CORP”,0.91,”942,098.00″,”860,528.57″

2.219,”SEABRIDGE GOLD INC”,14.50,”53,384.00″,”774,068.00″

1.895,”MCEWEN MINING INC”,2.16,”306,081.00″,”661,134.96″

1.819,”HOCHSCHILD MINING PLC”,2.10,”302,145.00″,”634,462.76″

1.777,”HIGHLAND GOLD MINING LTD”,1.91,”324,672.00″,”619,826.42″

1.704,”RESOLUTE MINING LTD”,0.79,”752,442.00″,”594,375.58″

1.674,”ALACER GOLD CORP”,1.69,”345,846.00″,”584,019.96″

1.567,”NEW GOLD INC”,0.81,”678,358.00″,”546,726.97″

1.502,”ANEKA TAMBANG PERSERO TBK”,0.05,”10,019,100.00″,”523,852.98″

1.428,”KOZA ALTIN ISLETMELERI AS”,9.15,”54,472.00″,”498,187.29″

1.414,”GUYANA GOLDFIELDS INC”,2.49,”198,271.00″,”493,090.30″

1.341,”DUNDEE PRECIOUS METALS IN”,2.78,”168,386.00″,”467,882.50″

1.294,”WESDOME GOLD MINES LTD”,2.91,”155,166.00″,”451,396.33″

1.212,”GOLD ROAD RESOURCES LTD”,0.49,”861,093.00″,”422,828.35″

1.134,”CHINA GOLD INTERNATIONAL”,1.38,”286,278.00″,”395,533.01″

1.113,”OSISKO MINING INC”,1.96,”197,601.00″,”388,285.66″

1.014,”LUNDIN GOLD INC”,3.91,”90,530.00″,”353,697.96″

1.011,”CONTINENTAL GOLD INC”,2.00,”176,674.00″,”352,588.58″

0.989,”PREMIER GOLD MINES LTD”,1.47,”234,095.00″,”344,997.24″

0.976,”DACIAN GOLD LTD”,1.56,”218,417.00″,”340,404.66″

0.952,”GOLDEN STAR RESOURCES LTD”,0.74,”447,657.00″,”332,161.49″

0.858,”WESTGOLD RESOURCES LTD”,0.84,”354,822.00″,”299,222.22″

0.818,”TERANGA GOLD CORP”,2.94,”97,111.00″,”285,489.05″

0.773,”SABINA GOLD & SILVER CORP”,1.01,”266,121.00″,”269,634.42″

0.767,”PERSEUS MINING LTD”,0.28,”963,714.00″,”267,471.63″

0.751,”ARGONAUT GOLD INC”,1.32,”198,330.00″,”261,841.88″

0.731,”ROXGOLD INC”,0.64,”400,487.00″,”255,146.00″

0.677,”SILVER LAKE RESOURCES LTD”,0.41,”571,833.00″,”236,027.26″

0.675,”NOVO RESOURCES CORP”,1.85,”127,330.00″,”235,542.91″

0.559,”RAMELIUS RESOURCES LTD”,0.34,”570,933.00″,”195,025.47″

0.401,”ASANKO GOLD INC”,0.82,”170,436.00″,”139,980.44″