Thought I saw someone mention that yesterdays massive sell-off may have been a pre-emptive move due to upcoming GDX rebalance, however couldn't find that post again (may have been another of my goldies), it piqued my interest so I asked Co-pilot and looks like the re-balance could actually be highly positive for NST.
Here's what it came up with.
"VanEck’s Gold Miners ETF (GDX) will
transition from tracking the NYSE Arca Gold Miners Index to the MarketVector Global Gold Miners Index after the market closes on
September 19, 2025. This change will coincide with GDX’s regular semi-annual index reconstitution and rebalance cycle.
- The new index uses free-float market capitalization and updated listing exchange eligibility, which means the composition of GDX’s holdings will shift.
- Some companies may be added or removed, and weightings will be adjusted—for example, Northern Star Resources and Pan American Silver are expected to see increased weightings, while Newmont and Wheaton Precious Metals may be trimmed.
These companies are expected to see
increased weightings in the new MarketVector Global Gold Miners Index:
- Northern Star Resources (NST): Up from 3.30% to 5.20%—a major jump"
A nearly 60% jump in its weighting, you would think, if true that this could possibly lead to a massive wall of potential upcoming demand.
(20min delay)