RE:GDX purchasemarketsense wrote: So how much of a move does that translate approximately from here? Any ideas, guesses?
they list TGZ's current weighting in the GDXJ as being .52 and going up to .62 which is an almost 20% increase....they list the mkt value of the GDXJ so if you calculate what the .10's dollar amount is relative to the total mkt value of the fund, then you could roughly figure out how many shares they will need to buy....
ts9222....care to tell us the answer?....didn't think so...lol
I used the current price of TGZ and think they will roughly be buying about 10 mil shares...give or take depending on what happens next week ahead of time...but you can use the same data to recalculate later in the week.
That said, you can never predict what will happen in the MOCs Friday, as that number can be offset by sell orders or buy orders added to it....so may go up or could go down on that print....that nobody can calculate.