Loading ...REcently PM shares have not been leading the metals, which in all previous Bull mkts they pretty much have.
Now of course we have the ETF’s that people can use and seemingly they are useing them in favour of individual stox.
So I checked how the underlying stox are performing, relative to the GDX etf….there are 9 major holdings.
ABX 23/3 Mch to Now Under by 2 %
Nem Jan to Now Under by 16 %
GG Feb to Now Under by 10.5 %
FNV Jan to Now Under by 5 %
AEM Nov to Now Under by 8 %
Gold Mar to Now Under by 7 %
SLW Sep to Now Under by 16 %
Au Aug 16 to Mar Under by Gulp…. 61 %, then Mar to Now Over by 13 %
KGC July to Mar Under by 23.5 %, Then Mar to Now Over by 5.7 %
So effectively all of those stox are all under performing the whole ETF…maybe there is a standout small stock causeing this…but it would have to be going gangbusters to lift the whole ETF and I haven’t heard about it….more likely in a World full of skullduggery, policed by a porn obsessed SEC, the issuer ain’t buying the full dollar amounts of the underlying shares…plus someone is always offering massive amounts of GDX, which is absorbing huge buying… ….whatever it is, something is sure wrong.