 Junior Gold Miners ETF (GDXJ) Now Trading
Bob Hoye
Institutional Advisors
Nov 20, 2009
The Junior Gold Miners ETF
(GDXJ) began trading in New York on November 11th. It includes
38 smaller-cap mining stocks as well as exploration companies
that have mining potential.
WEEKLY CHARTS
- The underlying fund is managed
by Van Eck Global, a New York group with a long history of investing
in gold markets.
.
- Note that since early in the
year, the "Juniors" have outperformed on the upside
and did not underperform on the corrections.
.
- Beyond any rise in the real
price of gold, growth in the sector could be inspired by significant
discoveries and takeovers.
.
- Big mining companies have
been suffering diminished production rates due to insufficient
attention to exploration. At one time they had well-funded departments
for "grass-roots" exploration.
.
- Entrepreneurial exploration
geologists in "Juniors" have been successful in carrying
out methodical field work. This will continue.
.
- Since the 1980s the real price,
as recorded by our Gold/Commodities Index, was in a secular bear
market until the low of 143 in 2007. At 385 it is in a long bull
market and building the conditions for an outstanding gold sector.
Fact sheet: click
Components as of 2009/11/10
Security Ticker Exchange Weighting
1 COEUR D'ALENE MINES CORP
CDE CDE UN 6.63
2 NEW GOLD INC NGD NGD CT 5.61
3 SILVER STANDARD RESOURCES SSRI SSRI UQ 5.44
4 HECLA MINING CO HL HL UN 5.19
5 GAMMON GOLD INC GRS GRS UN 4.74
6 ALAMOS GOLD INC AGI AGI CN 4.26
7 SEMAFO INC SMF SMF CN 3.79
8 SILVERCORP METALS INC SVM SVM CT 3.71
9 EUROPEAN GOLDFIELDS LIMITED EGU EGU CT 3.38
10 GOLDEN STAR RESOURCES LTD GSS GSS UA 3.34
11 NORTHGATE MINERALS CORP NXG NXG UA 3.08
12 KINGSGATE CONSOLIDATED LTD KCN KCN AU 3.05
13 JAGUAR MINING INC JAG JAG CT 2.91
14 SAN GOLD CORP SGR SGR CV 2.84
15 AURIZON MINES LTD ARZ ARZ CT 2.82
16 NOVAGOLD RESOURCES INC NG NG UA 2.77
17 ANDEAN RESOURCES LTD AND AND CN 2.64
18 MINEFINDERS CORP MFN MFN UA 2.41
19 ALLIED NEVADA GOLD CORP ANV ANV US 2.36
20 VENTANA GOLD CORP VEN VEN CN 2.28
21 RUBICON MINERALS CORP RMX RMX CN 2.26
22 GREAT BASIN GOLD LTD GBG GBG CT 2.15
23 LAKE SHORE GOLD CORP LSG LSG CT 2.03
24 ST BARBARA LTD SBM SBM AU 2.03
25 GABRIEL RESOURCES LIMITED GBU GBU CN 1.99
26 FRONTEER DEVELOPMENT GROUP FRG FRG US 1.75
27 AVOCA RESOURCES LTD AVO AVO AU 1.75
28 KIRKLAND LAKE GOLD INC KGI KGI CN 1.72
29 ROMARCO MINERALS INC R R CN 1.64
30 MEDUSA MINING LTD MML MML AU 1.55
31 DETOUR GOLD CORP DGC DGC CN 1.49
32 GOLD WHEATON GOLD CORP GLW GLW CV 1.13
33 DOMINION MINING LTD DOM DOM AU 1.11
34 COLOSSUS MINERALS INC CSI CSI CN 1.05
35 REAL GOLD MINING LTD 246 246 HK 0.98
36 U S GOLD CORP UXG UXG US 0.92
37 AVOCET MINING PLC AVM AVM LN 0.79
38 LINGBAO GOLD CO LTD-H 3330 3330 HK 0.44
Nov 18, 2009
-Bob Hoye
Institutional Advisors
email: bobhoye@institutionaladvisors.com
website: www.institutionaladvisors.com
Hoye Archives
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