@ DaLatta,
would you have a view on the price drop on Friday and the addition of PRU to GDXJ?
My hypothesis:
1) Price did hold up during the week and after the ann on 15/12 as traders where expecting the SP to move up when PRU would be added to the index;
2) On the rebalance day, some traders started to sell, as all gold shares where trading down due to POG, and then the SP spiraled down. As price was 35% down, some fund managers had to sell at the closing, so SP did not pick up even after the 75 mn addition to GDXJ;
Does it make sense? Would you have a different view why such correction on the SP?
@ DaLatta, would you have a view on the price drop on Friday and...
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Last
$2.50 |
Change
-0.080(3.10%) |
Mkt cap ! $3.439B | |||
| Open | High | Low | Value | Volume |
| $2.56 | $2.59 | $2.48 | $20.35M | 8.067M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 42141 | $2.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 39467 | 4 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |