The re-balancing of GDXJ has disrupted the relative values of many junior stocks, but the fact that became necessary is, in itself a bullish sign IMO. Clearly there is insufficient liquidity in most of the junior sector miners to enable the GDXJ to be maintained by the authorized participant brokers. This can only be caused by increased demand for the sector largely by new buyers generally unfamiliar with the individual junior stocks. They take the easy way out by buying the ETF expecting the index spreads to hedge their investment. This can only mean that new money is coming into the sector which ultimately will lead to higher prices for all juniors once the pain of re-balancing has passed. There will be good value option trades in GDXJ over the next few months. The uncertainly now apparent increases option premiums and can be harvested with appropriate positions.
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Change
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Mkt cap ! $7.109B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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4 | 35788 | $3.57 |
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Price($) | Vol. | No. |
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4 | 35788 | 3.570 |
4 | 30907 | 3.560 |
4 | 13283 | 3.550 |
3 | 35911 | 3.540 |
3 | 10045 | 3.530 |
Price($) | Vol. | No. |
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3.590 | 6863 | 1 |
3.600 | 106863 | 3 |
3.610 | 6863 | 1 |
3.620 | 38153 | 9 |
3.630 | 117587 | 9 |
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Change
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Last updated 15.59pm 29/03/2024 ? |
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