Loading ...says something smells, as GDX is out performing most of them….will do more checking…but smells to me that the issuer is playing scum games….which is why the miners are so relatively weak.
They ain’t buying the right amount of shares and are issueing huge new amounts of the ETF…ie the mystery GDX seller.
Yes people are buying the PM stox, but are buying the ETF’s and the issuer ain’t buying the dollar amounts in the underlying shares, it’s shorting the mkt effectively..hence the lousy share performance….hello SEC..can u put the Porn down….