Major vs Minor Miners: Same direction, different paths
Over the long term, funds allocation towards major producers are more profitable. Juniors respond faster at important turns of Gold price, which is also why this ratio is a great indicator for major swings. It captures volatility/liquidity i.e
smart/dump money changing positions.
Looks like money flows in the system as the ratio between explorers/producers (last one below in yellow) is creating a round bottom, kind of IH&S formation
If this not is a sign of confidence in the sector regarding long term investing I don't know what else is.
smart/dump money changing positions.
Looks like money flows in the system as the ratio between explorers/producers (last one below in yellow) is creating a round bottom, kind of IH&S formation
If this not is a sign of confidence in the sector regarding long term investing I don't know what else is.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.