Themes / Group
Inactive · established relationshipLatest completed snapshot · Oct 7 · 18:22 ET

MARKET-DISCOVERED GROUP

Gold Mining

THE TRADER READBroad price confirmation, weak flow alignment

5 of 6 measured SPY-adjusted paths align to the downside across 4.3 effective names. CDE, RGLD, LODE are also moving with filing-linked members. Capital-flow agreement is 37%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth6 of 6 falling-0.6% median path versus SPY
Capital-flow alignment37%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 0/100 · lift 0.8×
Evidence depth1 episodeLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 09:50–15:55 ET
TIMING READNo verified timestamped headline was found within 24 hours of the first measured price move in the available common-bar window. The move currently reads as market-led or unexplained.
  1. 5-minute inferenceNEM registered the first material upside path

    +0.54% session path at the threshold · NEM

  2. 5-minute inferenceSSRM registered a material downside path

    -0.37% session path at the threshold · SSRM

  3. 5-minute inferenceAUGO registered a material downside path

    -0.59% session path at the threshold · AUGO

  4. 5-minute inferenceEQX registered a material downside path

    -0.73% session path at the threshold · EQX

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.
THEME CONSTRUCTION

Broad move or one-stock disguise?

SPY-adjusted 5m paths

Observed movement is balanced across 4.3 effective names. AUGO represents 33.9% of absolute path energy; 5 of 6 members align with the down relative path.

ConstructionBalanced33.9% from the largest path
Effective names4.3 / 6Movement diversity after concentration
Direction breadth5/6 aligneddownside relative path · 0 counter-moving
Largest moverAUGO 33.9%58.2% from the top two paths
AUGO33.9%Dominant mover · path -1.35% · basket -0.23pp
EQX24.3%Aligned contributor · path -0.97% · basket -0.16pp
SSRM17.9%Aligned contributor · path -0.71% · basket -0.12pp
WRN13.3%Aligned contributor · path -0.53% · basket -0.09pp
WPM8.9%Aligned contributor · path -0.36% · basket -0.06pp
NEM1.6%Flat / inactive path · path +0.06% · basket +0.01pp
Top six names by movement share are shown. Movement share measures absolute 5-minute path energy; signed basket contribution is equal-weight. Neither is a portfolio weight or causal attribution.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
HOW THE PRICE MOVE SPREAD

Observed session sequence

5-minute bars · inferred
  1. NEM moved higher firstFirst member to clear the material path threshold · path +0.54%
  2. SSRM registered a material lower path205m after the first price move · path -0.37%
  3. AUGO registered a material lower path270m after the first price move · path -0.59%
  4. EQX registered a material lower path270m after the first price move · path -0.73%
  5. WRN registered a material lower path305m after the first price move · path -0.54%
  6. WPM registered a material lower path305m after the first price move · path -0.40%

Sequence inferred from aligned 5-minute price paths; it is not a causal ordering.

RELATIVE CO-MOVEMENT

How the members are behaving together

SPY-adjusted
Oct 7 · 09:50 ETMove visible 15:05 ETOct 7 · 15:55 ET
Group median -0.62%Strongest relative path NEMWeakest relative path AUGO

Observed member paths adjusted against SPY. The dashed marker shows when the median move first cleared a material threshold; shading marks the latest 20% of the observed window.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

No high-confidence shared filing driver is available. The market relationship is observed, but the cause remains unexplained.

CONFIRMATION NETWORK

Outsiders and cross-asset links

3 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

CDEMoving with group

NEM · text peer

RGLDMoving with group

NEM · text peer

LODEMoving with group

NEM · text peer

NGNot confirming

NEM · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
AUGOWRNNEMEQXSSRMWPM

5/6 active0 rising · 6 falling

MemberUnusual activityToday's moveRead now
AUGOAura Minerals Inc.
Most unusual · 100/100
-5.5%
Dominant path moverActive in 100% of observed group sessions
WRNWestern Copper and Gold Corporation
Elevated · 61/100
-4.4%
Aligned path contributorActive in 100% of observed group sessions
NEMNewmont Corporation
Elevated · 54/100
-2.4%
First material pathActive in 100% of observed group sessions
EQXEquinox Gold Corp.
Elevated · 39/100
-3.7%
Aligned price + flowActive in 100% of observed group sessions
SSRMSSR Mining Inc.
Elevated · 26/100
-4.4%
Aligned price + flowActive in 0% of observed group sessions
WPMWheaton Precious Metals Corp.
Quiet · 18/100
-3.0%
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
AUGOAura Minerals Inc.Most unusual-5.5%100% of 1 sessionsMost unusual activity in this snapshot; performance direction may differ.
WRNWestern Copper and Gold CorporationParticipating-4.4%100% of 1 sessionsPrice participation is not yet confirmed by per-name flow.
NEMNewmont CorporationParticipating-2.4%100% of 1 sessionsPrice participation with distributing signed flow.
EQXEquinox Gold Corp.Participating-3.7%100% of 1 sessionsPrice participation with distributing signed flow.
SSRMSSR Mining Inc.Participating-4.4%0% of 1 sessionsPrice participation with distributing signed flow.
WPMWheaton Precious Metals Corp.Quiet / lagging-3.0%0% of 1 sessionsNot participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Only point-in-time live watcher observations and conservative same-day EOD observations are included. Later backfills and replay runs are excluded.
Low structural sample

Only 1 completed episode across 1 active session; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support24 daysHow often the cohort identity was observed
Completed episodes1Separate periods of broad group activity
Active sessions1Completed session observations, not trades
2026-09-221 active session100% composition consistency through the episode
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
AUGO100% · 1 episode
EQX100% · 1 episode
NEM100% · 1 episode
WRN100% · 1 episode
SSRM0% · 0 episodes
WPM0% · 0 episodes