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

MARKET-DISCOVERED GROUP

Gold and Silver Miners

THE TRADER READFSM dominates an otherwise mixed group path

0 of 8 measured session-normalized paths align to the mixed across 3.0 effective names. HYMC, SSRM are also moving with filing-linked members. Capital-flow agreement is 43%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth8 of 8 falling-0.1% session-normalized median path
Capital-flow alignment43%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 4/100 · lift 0.8×
Evidence depth6 episodes10 observed active sessions
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 09:30–15:55 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 inferenceMUX registered the first material downside path

    -0.95% session path at the threshold · MUX

  2. 5-minute inferenceAGI registered a material downside path

    -1.79% session path at the threshold · AGI

  3. 5-minute inferenceBTG registered a material downside path

    -0.40% session path at the threshold · BTG

  4. 5-minute inferenceKGC registered a material upside path

    +0.67% session path at the threshold · KGC

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?

Session-normalized 5m paths

Observed movement is concentrated across 3.0 effective names. FSM represents 52.6% of absolute path energy; 0 of 8 members align without a clean common direction.

ConstructionConcentrated52.6% from the largest path
Effective names3.0 / 8Movement diversity after concentration
Direction breadthMixedmixed relative path · 0 counter-moving
Largest moverFSM 52.6%71.6% from the top two paths
FSM52.6%Dominant mover · path -5.86% · basket -0.73pp
MUX19.0%Independent direction · path -2.12% · basket -0.27pp
AGI8.3%Independent direction · path -0.93% · basket -0.12pp
ASM5.9%Independent direction · path +0.66% · basket +0.08pp
KGC4.9%Independent direction · path +0.54% · basket +0.07pp
BTG3.6%Independent direction · path -0.40% · basket -0.05pp
EXK3.2%Independent direction · path +0.36% · basket +0.04pp
AG2.4%Flat / inactive path · path +0.27% · basket +0.03pp
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. MUX moved lower firstFirst member to clear the material path threshold · path -0.95%
  2. AGI registered a material lower path0m after the first price move · path -1.79%
  3. BTG registered a material lower path0m after the first price move · path -0.40%
  4. KGC registered a material higher path25m after the first price move · path +0.67%
  5. EXK registered a material higher path25m after the first price move · path +0.60%
  6. AG registered a material higher path25m after the first price move · path +0.57%

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

RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized
Oct 7 · 09:30 ETMove visible 09:35 ETOct 7 · 15:55 ET
Group median -0.06%Strongest relative path ASMWeakest relative path FSM

Observed member paths normalized to the session. 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

2 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.

HYMCMoving with group

MUX · text peer

SSRMMoving with group

MUX · text peer

IDRNot confirming

MUX · text peer

SMNot confirming

MUX · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
MUXFSMBTGASMAGIEXKKGCAG

5/8 active0 rising · 8 falling

MemberUnusual activityToday's moveRead now
MUXMcEwen Inc.
Most unusual · 100/100
-5.7%
First material pathActive in 10% of observed group sessions
FSMFortuna Mining Corp.
Elevated · 100/100
-9.6%
Dominant path moverActive in 10% of observed group sessions
BTGB2Gold Corp.
Elevated · 43/100
-4.1%
Active; unclassifiedActive in 0% of observed group sessions
ASMAvino Silver & Gold Mines Ltd.
Elevated · 36/100
-4.3%
Active; unclassifiedActive in 0% of observed group sessions
AGIAlamos Gold Inc.
Elevated · 36/100
-3.7%
Flow divergenceActive in 20% of observed group sessions
EXKEndeavour Silver Corp.
Quiet · 33/100
-4.2%
Watch / laggardActive in 70% of observed group sessions
KGCKinross Gold Corporation
Quiet · 28/100
-2.6%
Watch / laggardActive in 0% of observed group sessions
AGFirst Majestic Silver Corp.
Quiet · 25/100
-5.1%
Watch / laggardActive in 50% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
MUXMcEwen Inc.Most unusual-5.7%10% of 10 sessionsMost unusual activity in this snapshot; performance direction may differ.
FSMFortuna Mining Corp.Participating-9.6%10% of 10 sessionsPrice participation with distributing signed flow.
BTGB2Gold Corp.Participating-4.1%0% of 10 sessionsPrice participation is not yet confirmed by per-name flow.
ASMAvino Silver & Gold Mines Ltd.Participating-4.3%0% of 10 sessionsPrice participation is not yet confirmed by per-name flow.
AGIAlamos Gold Inc.Participating-3.7%20% of 10 sessionsPrice participation with distributing signed flow.
EXKEndeavour Silver Corp.Quiet / lagging-4.2%70% of 10 sessionsNot participating yet; a breadth test or a genuine divergence.
KGCKinross Gold CorporationQuiet / lagging-2.6%0% of 10 sessionsNot participating yet; a breadth test or a genuine divergence.
AGFirst Majestic Silver Corp.Quiet / lagging-5.1%50% of 10 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

Early observed follow-through

3/3 events completed
30 minutes-0.46%0% continuation · n=1Median MFE +0.23% · MAE -2.48%
60 minutes-1.37%0% continuation · n=1Median MFE +0.23% · MAE -2.48%
Session close+0.23%100% continuation · n=1Median MFE +0.23% · MAE -2.48%
Next-session close-0.41%0% continuation · n=1Median MFE +0.23% · MAE -2.48%
Only point-in-time live watcher observations and conservative same-day EOD observations are included. Later backfills and replay runs are excluded.
moderate structural support

6 completed episodes across 10 active sessions provide moderate historical support. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support78 daysHow often the cohort identity was observed
Completed episodes6Separate periods of broad group activity
Active sessions10Completed session observations, not trades
2026-09-221 active session100% composition consistency through the episode
2026-08-19 → 2026-08-202 active sessions66.7% composition consistency through the episode
2026-08-051 active session100% composition consistency through the episode
2026-07-27 → 2026-07-304 active sessionsNo name was active through every recorded session
2026-07-221 active session100% composition consistency through the episode
2026-07-161 active session100% composition consistency through the episode
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
EXK70% · 4 episodes
AG50% · 3 episodes
AGI20% · 2 episodes
FSM10% · 1 episode
MUX10% · 1 episode
ASM0% · 0 episodes
BTG0% · 0 episodes
KGC0% · 0 episodes