First Mining Gold Corp (FFMGF)

[ValueInvestor001]

GDXJ didn't exist until late 2009, but I've used the HUI index instead:
http://schrts.co/vQEVPfCc
This chart runs from the top in the S&P500 in 2007 until the top in Gold in 2011

Zoomed in on the period 2007-2009:
http://schrts.co/efUYqurT

And zoomed in on the period 2009-2011:
http://schrts.co/EWaQCGix

To put the recent decline in perspective:
http://schrts.co/VWguSqEP
See the bottom part of the chart, which shows the percentage above/below the respective exponential Moving averages, e.g. the 5d EMA is at 23.37 and the price is at 19.00, so the first indicator below the chart is calculated as follows: (19.00/23.37)-1= -18.69%
As you can see, that has never happened before, and that is prior to the 10%+ increase at the close...

GDXJ is even worse, being 24.2% below its 5 days moving average:
http://schrts.co/iIYkhmTk

GDX is trading at a 7.3% discount to its NAV, while GDXJ is trading at a 13.9% discount.

I have plotted GDX's discount over time here:

NEVER before has GDX traded at such steep discount to NAV, so unless gold miners sell off 7.3% or more on monday (in which case GDX should be flat theoretically), I expect a sharp rally in GDX and GDXJ.

FYI, US futures are down 3.60% in weekend trading:
https://www.ig.com/en/indices/markets-indices/weekend-wall-street