Not an expert but you will haveETFs that track various indexes have hodings based on market capitalisation. As market cap fluctuate based on share prices the ETFs have to rebalance by buying selling. Goldies went down so for instance you might have a fund that says 50% in Australian gold shares 50% physical (with 5% tolerance) and as goldies tank they may find themselves 40% goldies and 60% physical so they have to sell physical buy goldies or they have a compliance breach to the terms of the etf.Can be any variation of this but I think that's the general idea. I have not figured out how to profit as they seem to move huge volumes without moving share price so I just get out of the way unless its to take advantage of liquidity and buy /sell more than one could normally do .... for instance pru fell by 35% fri and volume was 141m (that is massive) most of which happened at close. You might think with that massive volume on close would move the share price But the close was only 1c higher than the low of the day. My take is don't mess with the big boys and get out the way
SLR Price at posting:
53.5¢ Sentiment: None Disclosure: Not Held
