Van Eck GDXJ fund is doing a re-balance. Not dissimilar to what occurred in Dec Qtr 2016. Its algo driven via UBS.
The likes of EVN, NCM, NST, SBM, RRL, RSG reside is the GDX Fund. However SBM and RSG also co-exist in the GDXJ
So the likes of EVN, NCM RRL, NST have been spared. But the likes of RMS, WGX, BDR, RSG, SBM, SLR all copping at a time when POG has breached US$1280/oz.
If you get your entry right with RMS it have the strongest bounce imo, as it has probably spurred some to sell along side Van Eck. However I see 49 cents being resistance in the short to medium term.
RMS Price at posting:
45.5¢ Sentiment: None Disclosure: Not Held
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