There is no major significance. The make up is the above. I also want to short this index, the NYSE Arca gold miners index (GDXS) - it's down about 66% in two months. In my view, there is 200% - easy - on the table, when the gold bear takes off! I'm not looking to scalp, and I can only play US hours - hence why your call last Friday is irrelevant to me. I can't trade Asian hours, doing what I want to do. if you want even more leverage, you can go DUST. But, that's not for me this time. Maybe, for a quick trade. In my view, which I wrote a couple of days ago, that intra-day high could have easily been exceeded during London/ US hours. It wasn't. Hence, i wasn't even willing to take the risk.
@foxtrot, @siameseparrot look into this ETF buddy! You'll clean up!
Column 1 Column 2 Column 3 1 Security Name Index Weight 2 HMY.N Goldcorp Inc 7.30% 3 AG.N Franco-Nevada Corp 5.92% 4 PPP.N Newmont Mining Corp 5.84% 5 CDE.N Newcrest Mining Ltd 5.61% 6 1818.HK Randgold Resources Ltd 5.44% 7 OGC.AX Barrick Gold Corp 5.12% 8 ASR.TO Agnico Eagle Mines Ltd 5.10% 9 IAG.N AngloGold Ashanti Ltd 4.77% 10 SMF.TO Silver Wheaton Corp 4.35% 11 1051.HK Royal Gold Inc 4.33% 12 HL.N Eldorado Gold Corp 3.14% 13 EVN.AX Gold Fields Ltd 3.09% 14 NST.AX Kinross Gold Corp 2.93% 15 PAAS.OQ Detour Gold Corp 2.64% 16 OR.TO Cia de Minas Buenaventura SAA 2.63% 17 BTG.A Tahoe Resources Inc 2.62% 18 CEY.L Yamana Gold Inc 2.28% 19 SBGL.N Zijin Mining Group Co Ltd 2.20% 20 AGI.N Centerra Gold Inc 1.87% 21 NGD.A New Gold Inc 1.76% 22 CG.TO Alamos Gold Inc 1.75% 23 2899.HK Sibanye Gold Ltd 1.68% 24 AUY.N Centamin PLC 1.64% 25 TAHO.N B2Gold Corp 1.58% 26 BVN.N Osisko Gold Royalties Ltd 1.49% 27 DGC.TO Pan American Silver Corp 1.49% 28 KGC.N Northern Star Resources Ltd 1.44% 29 GFI.N Evolution Mining Ltd 1.24% 30 EGO.N Hecla Mining Co 1.14% 31 RGLD.OQ G-Resources Group Ltd 1.03% 32 SLW.N SEMAFO Inc 0.97% 33 AU.N IAMGOLD Corp 0.97% 34 AEM.N Alacer Gold Corp 0.95% 35 ABX.N OceanaGold Corp 0.80% 36 GOLD.OQ Zhaojin Mining Industry Co Ltd 0.70% 37 NCM.AX Coeur Mining Inc 0.59% 38 NEM.N Primero Mining Corp 0.58% 39 FNV.N First Majestic Silver Corp 0.55% 40 GG.N Harmony Gold Mining Co Ltd 0.48%
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