Yes, i agree Van Eck will probably just switch a certain amount of shares from GDXJ into GDX, when NST will be considered too big for being a ""junior" gold miner. In any case i think the more important factor will be the inflows/outflows into gold mining companies/ETFs in general.
This sector has gone through some hard times recently (NST is quite a positive exception) and there are some signs, that general sentiment could be shifting away from the stock market darlings of the past years, the tech sector ( i.e. Apple,Google,Facebook,Amazon,etc) towards anything which has more of a "safe haven" status, gold (and the miners) would be an obvious beneficiary.
Yes, i agree Van Eck will probably just switch a certain amount...
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Last
$17.51 |
Change
0.140(0.81%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $17.48 | $17.55 | $17.28 | $26.79M | 1.534M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2751 | $17.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.52 | 36039 | 6 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |
