The Big Boys, page-396

Hi Orwell,

Great work as always.  Will be watching how this plays out with great interest.

Just going back to the VanEck re-balance, do you have strong opinion either way on the chart of SAR?  (same question goes for any of our chartists.)

Having done a bit more analysis, I've discovered that the number of SAR shares held in GDXJ is a much higher % of the average daily volume than most others in the fund.  This is important of course, as the buying expected on the rebalance date should have a greater impact to the SP, if there are not enough sellers to take up the slack.  So while RRL might have appreciated 35% over the quarter, and SAR 13%, SAR actually may see a bigger move up in the match.

I also really liked SAR fundamentally last time I had a look (a few months back), so it could potentially be an opportunity to build a longer term position...if of course the chart looks good.

@loki01, would love you take on SAR's fundamentals if you have the time or inclination.

Thanks again all