From my understanding the rebalance doesn't occur till the 17th - after market. These rebalances occur quarterly without much impact to the share price.
The difference with this one is it's very large & GDXJ holdings of particular companies have changed.
Funds & institutional traders are playing games after the announcement, so shorts have increased - with BDR over 7%, SAR is over 8%. There's a shorting frenzy.
Low trade volume that's why the price is stuck. If POG continues up, & company specific news flow is sound to good, the shorts will have to cover sooner or later & the share price can move on fundamentals.
We will know more after the rebalance.
I hold BDR, RSG, SAR, RRL, NST, EVN, GOR, DCN & I feel the frustration...
2 more weeks...
BDR Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
