The precious metals fund in question was closed in May , shortly before this , Taurus added a substantial amount of shares to its AMX holdings in late April. They wouldn't have done this if they were experiencing redemption selling from the fund that AMX is indexed in , quite the opposite. This buying all happened after golds big sell off in early April.
There is no better indication that Taurus's AMX holdings are NOT part of the redemption selling, otherwise they'd be sellers, not buyers.
Plus, Taurus havn't been selling any of the other goldies they hold either (like PVM) again, they have been buying in late april.
Nothing to see here , move along.....
taurus no impact, page-2
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $30.15M | |||
| Open | High | Low | Value | Volume |
| 31.8¢ | 31.8¢ | 30.5¢ | $2.514K | 8.201K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29246 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 2781 | 2 |
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| Last trade - 14.21pm 27/09/2024 (20 minute delay) ? |
| AMX (ASX) Chart |