"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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Last
$16.38 |
Change
-1.130(6.45%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.00 | $16.38 | $45.92M | 2.764M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1430 | $16.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.39 | 2051 | 16 |
View Market Depth
| Last trade - 13.00pm 02/12/2024 (20 minute delay) ? |
| NST (ASX) Chart |
