More detail on GDXJ winners, losers, page-19

I am totally lost as to how to look at the GDXJ makeup and interpret if the etf fund is buying or waiting for entry to rebalance their makeup. This makes it very hard to be bullish and yet be looking at good gold stocks that are perceived to be good buying opportunity and perhaps from the etf fund itself looking to get out to lighten makeup. Either way a sell is a sell and it puts pressure on the price and in some cases can break chart technical thereby giving the impression the trap door has opened.

For some this could even attract opportunistic short sellers coming in to take advantage in an otherwise weak gold price sentiment with all the economic macros surrounding the very much anticipated Feds rate hike next month.