No need for panic!!It would appear people have missed the big GDXJ announcement last week with regard to rebalancing/change of rules to the GDXJ.
As a result of these changes, TGZ's weighting will be going down a lot. Looks like the GDXJ will be selling about 40mil shares of the 70mil or so they own.....this is the reason for poor performance!
This low price will not last.....the changes are just a result in the increase in size of the index and as a result they need to add new companies....which in turn results in some positions having to be reduced to accommodate this.
Those in the know are buying.....not whining on Stockhouse....
Rebalance will take place in June....but is being priced in now....it will mean weird trading for a while but is the type of situation smart traders and investors get excited about because unsophisticated investors get scared and give away their positions because they don't know or understand what is going on.
Now you know...so which type of investor are you going to be?