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Message: Vancouver conf. notes Jan 25 / cedar

Very funny guys - but seriously - look at the chart of KXL vs. SGX:

Here is the Bigcharts link: Click Here

The two stick to each each other like fleas on a hound. Maybe mz really is right - SGX is the ETF for KXL? Weird how there's no divergence.

No seriously - these two track each other crazily close. I wonder if it's a trader's game. Does it give us any insight into the trading of KXL in general? How "managed" is it?

Comparison - instead with Goldcorp - look at the divergence:

Here is the Bigcharts link: Click Here

KXL and Goldcorp don't track at all, but SGX does. I am a math guy, and the extreme lack of divergence of SGX from KXL is a "6 sigma" event.

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