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Strategies & Market Trends : Ride the Tiger with CD
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To: Threshold who wrote (223490)12/21/2012 11:32:01 PM
From: stuffbug   of 312289
 
Aurcana weighting was reduced by almost 0.1% in the GDXJ.

Yes, one tenth of one percent !!

Need to realize that the market cap for GDXJ is close to 3 Billion.

So, 0.1% is 3 million dollars.

Over the last month, the average daily volume for AUN was roughly 600K.

Looks like the ETF couldn't find a buyer for their 3 million shares at recent market prices in the high 90s.

Stock Price should recover Monday morning.
When Aurcana was added to the GDXJ in June, the price was also hit hard on close (1.05 to .90).
It then opened at 1.04 on the following Monday.

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