Junior Gold Miners ETF (GDXJ)

GDXJ is what I use as an index or benchmark.  I wanted something that didn't have any of the bigs like Barrick or Newmont in it.  Something that pretty much reflects the size of miners I like.  I watch the GDXJ for technical stuff too.  Check the charts going back to last fall.  That $34 area keeps coming up over and over.  Seems pretty important.  Feels to me like it's on good support right now.  If I didn't already have more miners than I like, I'd be thinking about buying right here, not panicking out.

I  don't even know what's in the HUI, that a lot of  people use.  I guess I went with an ETF initially because whatever site I was using at the time wouldn't give me the HUI.  I'm just used to GDXJ now, have a feel for it and so I stick with it.

Little Guys Still Under Pressure

​http://www.gotgoldreport.com/2011/06/vulture-chartbook-for-june-14.html#more

Serious spanking for GDXJ again today.  And again strangely not reflected in my actual miners portfolio.  Not complaining, mind you, but it's odd.  Perhaps related to the additions/deletions mentioned above?

Thanks!

My first purchase of GORO was at $2.75.....suffice to say that I am big time supporter.

1)  Low share count (53 million)

2) No debt and no warrants to drag price down

3) Huge land package

4) Just started production (first open pit and then moved to underground)

5) Philosophy of get to production first and then worry about drilling out land to minimize dilution

6) Great grades of AU and AG (AG credit to operating costs will most likely give sub $0 cash costs)

7) Paying dividend (target 1/3 cash flow back to shareholders)

8) AU production forecast (estimates based on expanding capacity....said they could double 2012 capacity):

One of my largest holdings and I think it is dirt cheap right now.

Probably my best purchase ever.....been investing in juniors since 2006.

Here's a list of the additions and deletions due to be made to the GDXJ index this Friday 17th June at the close of trading.

Some of my favorites (GPR, EDV, ECU) are due to make it into the GDXJ which should be promising and provide some additional volume.

Are the miners waiting for the Fed next week ? I think if the Fed confirms continued low rates and loose policy that could be the push they need ....

New Vulture Bargain ‘Ops’

http://www.gotgoldreport.com/2011/06/new-vulture-bargain-ops-.html#more

Greetings,

I wanted to get your opinions on something I see in the 4hr GDXJ chart using MACD (12,26,9, EMA).  

Does the higher HIGH on 6/1 (versus that on 4/25) and the higher LOW (currently happening versus that on 5/6) serve as a strong indicator that the downward trend may be ending?

Thanks!

Sorry Captain, it isn't that hard to do the research. GDXJ is a good proxy for finding good companies, but if you can't do the research I guess you can stick to the GDXJ. But there are many on there that warrant a discovery. Lots of good miners on the GDXJ.