Loading ...GLD is up equivalent of $ 8.00 from SM close (0.1 GDX = @ $1.00 gold)..so the share performance is worse….
I am pretty sure they have moved from out right shorting the metal, to trying to use the shares and GDX in particular. Note that we have had very few waterfall crashes outside US hrs recently and that most nights the metals are pretty stable.
If this continues, then i think we are close to the end game, as they are running out of metal…..