GORO The GDXJ is Rebalancing again. To remedy this they GDXJ are going to add 18 new companies in June. To do this, they are going to sell 50% of the shares of each or all of the current companies.
For example, GORO Gold Resources I was able to add under $4 today as they are one of the current companies. For GORO it works out to 4.5 million shares being dumped in the market over the coarse of the next couple weeks.
Rebalancing doesnt matter to me. I have no plans of selling GORO this spring, the company fundamentally is adding value and there for should be trading higher. Ill buy the miss matched value and watch it pop back after the rebalance is done. A 50% move takes them to $6.
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