My estimate is still GDX main ETF is somewhere 20-25M of that. There’s also a couple of smaller variants of the GDX (one being the ASX listing) and they weren’t included in my original figure which was just the US listing.
GDXJ and ASX index rebalances this afternoon too. They’d make up a lot of the remaining closing action (~30M total).
Index rebalance tend to be short/medium term tops (relative to rest of sector). If gold keeps going up doesn’t matter as much.
I sold a chunk of my position on Monday and on Thursday. Didn’t plan that second sale but when I saw that operational update I thought better to hit the offer again. I’m still skeptical of asset and operating quality here. Always been a play on A$ gold price for me.
WGX Price at posting:
$2.32 Sentiment: Hold Disclosure: Held
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