mining · sound money ratio
junior gold miners (gdxj) in gold
current spot ratio
0.0265
denominated in gold oz
1-day change
+2.40%
30-day change
+3.70%
30-day range
0.0249 - 0.0288
sound money analysis & perspective
junior gold miners (gdxj) in gold. useful for measuring speculative torque: juniors amplify metal moves through exploration risk, financing dilution, and thin balance sheets. when gdxj lags gold during a bullion advance, the junior complex is being starved of capital or destroying value. this chart is unique for timing risk appetite inside the gold complex; seniors and bullion cannot show that leverage premium. there is no clean substitute for juniors priced in the ounce when you need to know if exploration equities are cheap relative to the metal.