Interesting, thanks Nordesmic.
Re: the GDX dates, don't hold me to that. Oddly, the prospectus does not spell it out as clearly as GDXJ does, so there is certainly room for (mis)interpretation the way it is written. I also can't think of any reason why they would have a different calc date to GDXJ. Regardless, I think we're in for some solid out-performance vs the sector in the coming 2 weeks, assuming no unforeseen bad news. Being added to GDX would be a bonus...a bloody nice one at that.
Once the official data is released to fundies on the 11th will they'll start getting set for the inevitable buying on the 18th, so in theory next week should see out-performance, unless there are sellers ready to take up the slack. I can't think of any reason to fundamentally short RRL at the moment other than a pure bet on direction of gold. A short squeeze leading into the 18th would be nice for a little extra cream.
FWIW, I think we might see Gold pull back tonight, do a little bit of work then make the next leg up.
Interesting, thanks Nordesmic. Re: the GDX dates, don't hold me...
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Last
$2.52 |
Change
0.000(0.00%) |
Mkt cap ! $1.473B | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.55 | $2.50 | $4.809M | 1.905M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 63260 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 48105 | 3 |
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| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| RRL (ASX) Chart |
