Very interesting. This could definitely be behind the drops in GDXJ exposed stocks yesterday. If they are loosening the rules for entry into the index then it will mean they'd be sellers in their current portfolio to free up cash for investing in new stocks.
Now there hasn't been any selling yet as the holdings are stable on the Van Eck website. What could have happened is that Van Eck has given word to its associates of the new index methodology. These associates have then been shorting certain stocks in anticipation of the sell down. This is how it works with the quarterly rebalances with the new weightings being released to the funds a week before the rebalance day.
Now what's interesting is which stocks will be beneficiaries from the 'change in methodology'. DCN and GOR would likely be near top of the list.
TA - NST, page-46
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