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This Index consists of 10 Canadian Feasibility Study stage Gold mining companies and is another internally generated chart. The bottom section is the index itself with a 150 day moving average in Red. The middle section is a Relative Strength Comparative between the index and the Gold price in Canadian dollars (CDJ divided by the Gold price in Canadian dollars). We use this indicator to help us determine whether these Canadian Gold juniors represent compelling value in relation to the Canadian Gold price. The support line of the channel in Green has proven a reliable entry point in the bull market thus far (Green Vertical lines). The top section of this chart is a standard 14 day Relative Strength Index where anything under 30 represents oversold and anything over 70 indicates overbought and is used primarily to gauge market sentiment.
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