pantheo

$JNUG/$NUGT Ratio. Published, old chart still working

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Killing the shorts. O/s day

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How do you read this chart? Does a rising ratio indicates that miners are bullish overall with 3Xjuniors leading the way?
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pantheo Will Wong
Yes. Using it as sentiment gauge. This ratio is always acting one step quicker in major points than GDXJ/GDX ratio, so I'm getting the feel of how speculators are positioned. Then I combine it with latest COT's and "swing spots" in CME futures/options volume and open interest figures along with sentiment data of the sector and gold's public opinion readings. Rarely trading these vehicles apart from times I have a solid entry and exit levels.
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