OTCPK:HCGI - Post by User
Post by
goldstd69on May 22, 2017 11:13am
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Post# 26270223
As I understand KLGDF in the etf GDXJ
As I understand KLGDF in the etf GDXJ
GDXJ intends to trim its holdings of KLGDF several percent from its current 5%...how fast or how soon that occurs it seems no one understands...(all seems a contrived, rigged deal but that is another topic)...so we would expect weakness until June 17...on the other hand KLGDF has stated last week they intend to buy back shares up to 10% which may offset the weakness from the GDXJ selling shares....all this assumes gold remains flat which it wont...I am concerned that gold has really had only a weak rally while the US dollar has fallen out of bed...that with a good chance of the fed raising interest rates in later June should dampen the gold price at least until after the rate raise if it occurs. I would consider buying a little prior to the June 17 and June 25 deadlines in case the etf GDXJ has disposed of KLGDF early on. jmho...please do your own due diligence...KLGDF remains my favorite gold stock at this price and potential.