Loading ...I would if I could. I look occasionally at after market action, and its always nothing, or practically nothing, price volume etc. The spread between buy and sell is usually much bigger than normal too, which inhibits action I guess.
@Maddog,
Re 4:56, part, “Van Eck (creators of the “GDXJ”) has been forced to stop buying junior gold stocks.”
Comment:
Many years ago, before ETFs, it was commonly known that regular Mutual Funds could NOT buy positions in small cap miners, because they buy too much at one time when they invest, and were only able to buy invest in ONLY the big caps like ABX $23bil/cap, NEM $18 bil/cap, GG $14 bil/cap etc.
I also remember years ago before ETFs, in the early 1990s I think, when we saw the big blue chip miners going up, we knew the mutual funds were buying in, a bullish sign. I think any miners with market cap under $500 million is no place for bulk money bets. Even under $750 mil.
During the past month, the BEST percent AU movers were between $1.7 bil/cap and $4.7 bil/cap
Sooooo, if GDXJ like a mutual fund, was buying big on SMALL CAPS? That would explain the REDICULOUS high steep price rises in Jan thru July Aug 2016. It would also explain the REDICULOUS deep lows end of 2015, and the extreme highs in 2011, that led to those lows in late 2015.
The same story for GLD. People should NOT be able to willy ninny click here, and buy and sell physical gold thru a middle man that is then OBLIGATED to buy and or sell the PRODUCT for a crowd of people that don’t actually want to own the gold. (like futures)
They, ETF buyers, are just riding or betting on a price, and they unwittingly contribute to making all moves up or down more extreme than they normally would be. Many years ago I made a post of how the master planners promoted all things normal, to be abnormal, and made all abnormal things the norm.
For example, its normal to hate certain “situations” so they pass hate crime laws to discourage and punish a normal function.