Loading ...Re GDX
Not sure they bother to sit on NEM, GG etc to cap GDX, they just sell the hell out of it outright….it also looks like they never cover any shorts, as recently there has been a massive constant seller, who is there every day now, making sure no big rally can take place.
I always wondered why the PM ETF’s were allowed, as why help investors like the major funds, who are banned from Commodity’s get into the PM’s…..then I realised the scum could sell the hell out them and never have to deliver or cover anything, unlike any real mkts…hence they were allowed.
That aside I am hearing a lot of talk about a major dollar Top and a major commodity run coming soon, which is being seen as super PM bullish, that may explain this PM share buying…