12 replies to this topic

[senorBS]

interesting development

 

https://screener.fid...SPR_____NY62509

 

Senor

[senorBS]

also have to wonder if this is why GDXJ has been weak of late and especially on Thursday, there could some arbitrage stuff going on. An in addition to that GDXJ has been having difficulty finding stocks to own that fit the funds investing parameters and have even added GDX to their holdings. Am interesting time for this kind of stuff to be happening, we could see some added volatility.

 

here is more on GDXJ getting "too big", now over 5 bil in assets

 

https://seekingalpha...er-etf-gets-big

 

Senor

Edited by senorBS, 14 April 2017 - 07:12 PM.

[goldfungus]

also have to wonder if this is why GDXJ has been weak of late and especially on Thursday, there could some arbitrage stuff going on. An in addition to that GDXJ has been having difficulty finding stocks to own that fit the funds investing parameters and have even added GDX to their holdings. Am interesting time for this kind of stuff to be happening, we could see some added volatility.

 

here is more on GDXJ getting "too big", now over 5 bil in assets

 

https://seekingalpha...er-etf-gets-big

 

Senor

Read that stuff and had a discussion with another trader yesterday. We both bought a slug of JNUG. Hope we don't get shafted by those miners. LOL

[Russ]

Junior gold stocks have always been more risky than the seniors, I will stick with Nugt.

[AChartist]

I found another filter, of 39 funds 18 are open,

 

Vangaurd VGPMX is open at $3000 initial, it may be one of the best

 

with the smallest 6 month decline, by almost half the loss of some other funds.

[Smithy]

VGPMX matches the performance of HUI

 

[AChartist]

I think I will build up vanguard on Tues or Weds pref Tues and Weds may be a pivot day. But also I just added Gabelli.

 

With many funds now the technique is monitor performance going up and transfer weaker into stronger relative strength.

Edited by AChartist, 16 April 2017 - 10:00 AM.

[Smithy]

Notice in the chart above the red line (VGPMX) has a lower peak in 2011 c.f. 2008. There has been decay. In comparision ABX, the flag ship of the gold seniors, has a higher high, no decay. It seems ABX is the better long term hold.

 

[Smithy]

Here's ABX and VGPMX compared together. Interestingly VGPMX outperformed around 2002-2008 (a bigger mulltiple) yet ABX outperformed over the last 24 months.

 

[AChartist]

For the retirement trade idea if this becomes something held more permanently when

 

gold stocks dominate the index cap weighting spinning off dividends, the vanguard expense ratio

 

may become more important. We'll see how it works its a good time to benchmark my holdings and monitor

 

relative strength from here. I would sell the laggards around timing peaks and move that to favorites in corrections

 

but more or less hold what I have for now and benchmark.