GDXJ will go to zero.
GDX holding #s don't look right, that said it will reduce, given NST's MCap has fallen over the past month, compared to others.
I.e. the last time i looked (last week), NST was 3.77% of GDX and NCM was 5.23%, of GDX's ~$13bn fund.
If you simply just compared the MCap differential (last week) between NCM & NST it was 1.76x, yet the GDX holding was 1.38x, inferring that GDX was heavy NST and light NCM, which needed rebalancing.
Given the volumes it's clear its ETF's sitting on us. If you like buying stuff on sale, this could be the best buying window of the year.
GDXJ will go to zero.GDX holding #s don't look right, that said...
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Last
$14.23 |
Change
-0.120(0.84%) |
Mkt cap ! $16.64B | |||
| Open | High | Low | Value | Volume |
| $14.10 | $14.70 | $14.01 | $36.03M | 2.500M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1431 | $14.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.23 | 2868 | 18 |
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| Last trade - 12.27pm 25/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |