Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

<ul>
<li>The MV Global J-Gold Miners index represents the performance small-cap gold and silver mining companies listed around the world.</li>
<li>There will be no index changes for the June 2025 rebal event.</li>
<li>We expect one-way flow of US$271mm for the June 2025 rebal, which is a bit lower than normal for a June rebal.</li>
</ul>


The MV Global J-Gold Miners index represents the performance small-cap gold and silver mining companies listed around the world.
There will be no index changes for the June 2025 rebal event.
We expect one-way flow of US$271mm for the June 2025 rebal, which is a bit lower than normal for a June rebal.


[Quiddity Index] MV Junior Gold Miners Jun25 Rebalance Results: Flow Expectations

<ul>
<li>The MV Jr-Gold Miners index represents the performance of small-cap gold and silver mining companies listed around the world. </li>
<li>This index is reviewed semiannually in March and September. We expect there will be no index changes for the June 2025 index rebal event but there will be capping flows.</li>
<li>We expect one-way flows of US$122mm for the June 2025 rebal which translates to a turnover of 2%.</li>
</ul>


The MV Jr-Gold Miners index represents the performance of small-cap gold and silver mining companies listed around the world. 
This index is reviewed semiannually in March and September. We expect there will be no index changes for the June 2025 index rebal event but there will be capping flows.
We expect one-way flows of US$122mm for the June 2025 rebal which translates to a turnover of 2%.


[Quiddity Index] MV Jr-Gold Miners Jun25 Leaderboard: Flow Expectations

<ul>
<li>The MV Jr-Gold Miners index represents the performance of small-cap gold and silver mining companies listed around the world. </li>
<li>This index is reviewed semiannually in March and September. There will be no index changes for the June 2025 index rebal event but there will be capping flows.</li>
<li>We expect one-way flows of US$81mm for June 2025 which translates to a turnover of 1.4%.</li>
</ul>


The MV Jr-Gold Miners index represents the performance of small-cap gold and silver mining companies listed around the world. 
This index is reviewed semiannually in March and September. There will be no index changes for the June 2025 index rebal event but there will be capping flows.
We expect one-way flows of US$81mm for June 2025 which translates to a turnover of 1.4%.


Quiddity Leaderboard MV Jr-Gold Miners Jun25: Flow Expectations

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>In our 2/25/25 Compass, we discussed our expectation for near-term downside as the S&amp;P 500 and Nasdaq 100 (QQQ) displayed several bearish short-term developments. </li>
<li>The  downward pressure has brought the S&amp;P to the bottom of our range at 5600-5670.</li>
<li>Friday's and Monday's tape action alleviated oversold conditions as strong demand was a clear positive. We need the 5500-5600 level to hold in order to remain constructive.</li>
</ul>


In our 2/25/25 Compass, we discussed our expectation for near-term downside as the S&amp;P 500 and Nasdaq 100 (QQQ) displayed several bearish short-term developments. 
The  downward pressure has brought the S&amp;P to the bottom of our range at 5600-5670.
Friday's and Monday's tape action alleviated oversold conditions as strong demand was a clear positive. We need the 5500-5600 level to hold in order to remain constructive.


S&P 500, NYSE Comp, QQQ Find Initial Support; Strong Buying Demand Suggests Local Low at Minimum

<ul>
<li>The MV J-Gold Miners index represents the performance small-cap gold and silver mining companies listed around the world.</li>
<li>There will be seven ADDs and no DELs for the March 2025 rebal event.</li>
<li>We expect a one-way flow of US$320mn for March 2025, which translates to a turnover of 5.2%.</li>
</ul>


The MV J-Gold Miners index represents the performance small-cap gold and silver mining companies listed around the world.
There will be seven ADDs and no DELs for the March 2025 rebal event.
We expect a one-way flow of US$320mn for March 2025, which translates to a turnover of 5.2%.


Quiddity MV Jr Gold Miners Mar25 Rebalance Flows: 7 ADDs No DELETEs And $640mm Round Trip Flows

Canada

Alamos Gold Inc. is an intermediate gold producer. The Company acquires, explores and produces gold from mines located in Canada, Mexico and the United States.

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Alamos Gold Inc (AGI CN)

[Quiddity Index] MV Junior Gold Miners Jun25 Rebalance Results: Flow Expectations

No changes in the MV Junior Gold Miners' Index, which is a bit unexpected, but there is US$270mm+ to trade one-way on 20 June for the June 2025 rebal.

Travis Lundy

[Quiddity Index] MV Jr-Gold Miners Jun25 Leaderboard: Flow Expectations

The Market Vectors Junior Gold Miners Index is one of the more interesting indices in the space BUT in the June/Dec cycle, it is mostly capping...

Travis Lundy

Quiddity Leaderboard MV Jr-Gold Miners Jun25: Flow Expectations

The June 2025 MV Junior Gold Miners Index rebal so far is looking small. There will be a small delete on De Grey and a funding event. For now, no...

Travis Lundy

S&P 500, NYSE Comp, QQQ Find Initial Support; Strong Buying Demand Suggests Local Low at Minimum

$SPX, NYSE Comp $NYA, $QQQ Find Initial Support; Strong Buying Demand Friday and Monday Suggests Local Low at Minimum; Since late-Feb discussed an...

Vermilion Research

Quiddity MV Jr Gold Miners Mar25 Rebalance Flows: 7 ADDs No DELETEs And $640mm Round Trip Flows

The MVIS Junior Gold Miner Index rebal was announced Friday. A couple of surprises and the DELETE missed because a drop in float. $320mm a side and...

Travis Lundy

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