SPX/TSX Venture Index CDNX
For some time investors were not sure whether CDNX represents gold/silver micro junior stocks any longer.
Comparing the recent various new ETF’s solely for those G/S juniors it is confirmed that CDNX indeed still a credible index to watch for direction in micro juniors.
CDNX compared with two G/S junior etf;s GOEX, ZJG
CDNX performance from bottom of March 2020 with SILJ, GOEX and ZJG etf. All are in agreement.
CDNX long term daily chart from 2008 top when gold price was $1008 compared to today gold at $1900.
CDNX stocks valuation has looong way to catchup.
Lastly CDNX weekly shows it just broke out from down trending line from 2011 top.