"If investors are limited in how they can allocated capital to the yellow metal, it is possible there will be fireworks."
Unlikely - plenty of capacity in GDX and GLD. Gold ETF's are always double edged swords! When markets turn ETF's compound sell-offs and become self fulfilling prophecy's!
GDXJ may add NST however GDXJ also holds almost 11m shares in GDX - current market value US$268m. This holding may be liquidated to facilitate the June rebalance which would result in scaling back GDX holdings by over 2%.
Also note that shorting is used to add large stock holdings - ref NST +46m in March 2015. Most big additions or deletions are not bought or sold on market.
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TA - NST, page-52
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Last
$16.47 |
Change
-1.040(5.94%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.00 | $16.11 | $89.09M | 5.407M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 3485 | $16.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.47 | 784 | 14 |
View Market Depth
| Last trade - 15.20pm 02/12/2024 (20 minute delay) ? |
| NST (ASX) Chart |
