Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Junior Gold Fund, which is about 35% silver, is worth a look for an easy way to ride any precious metal rise.
Apologies Jerry - absolutely. Exactly what I meant and a very important clarification, in my example that is a drop of 50% AUM based on redemptions specifically. Thanks for that
Jdt, I know that you know what you are talking about, but just to clarify for others.....in your example of AUM declining by 50%, this could happen if the value of the holdings declined by 50%, but there would be no change in shares held. Its only if there were redemptions to cause the AUM to fall.
A lot of folks here really dont understand how trackers/etfs work. Its just a shame we have to keep explaining.
WelshFalcon, thank you I will take on board what you said.
EON = ELON, obviously.
WOW @kieffy. Do be careful and please do some ore work on how things actually work.
Funds are a very useful tool in your portfolio. To give a real example - I put some of my portfolio in Scottish Mortgage at around the start of the first lockdown (a year ago). I wanted to get in to Tesla and some other US stocks but the costs of dealing individually would have been way too much.
This fund did well, very well, around a 110% increase. Recently with EON playing silly with BTC, I checked and found the fund ha grown their TESLA involvement to 10% of the fund - too much for me, I sold. TESLA, BTC, and the fund have since dropped (Scottish down over 17% in one day.
I could not have achieved my 110% realised gain in those stocks without the fund.
So buying all your own shares may well be fools gold if you have limited knowledge of what you are doing! Do investigate funds, they may work better for you!
Christ this is hard work. I'll try one more time they you're on your own.
The GDXJ buy/sell shares in 2 scenarios:
1. At the quarterly rebalance. The weighted market cap based calculation gives them a % allocation to each constituent stock. At that point they buy/sell to reach that target allocation %. This happens QUARTERLY.
2. In between the quarterly rebalances, should investors subscribe or redeem, the holdings have to be adjusted proportionally across all constituent stocks to either liquidate cash or invest the subscriptions, as GDXJ full invests its cash.
e.g. if GDXJ went from $5Bn AUM to $2.5Bn AUM, they would sell 50% of all holdings (i.e. proportionately to fund the outflows).
At no point does the GDXJ make an active, proprietary decision to buy/sell any of its holdings.
You might be right, but some things are worth waiting for. Personally I am liking waiting on 64,000 m of drilling results to start and results delivered by mid august.
GLA
It's a good job I buy and sell my own investment then ?.
Its a waiting game here
I think you need to do a bit of research @Kieffy. Try to understand how funds and the market works. Lots of material available online if you search.
So when would you buy and sell them you not making any sense. they not buying gold they buy shares in a company and a time to buy and sell must be a play.
They post daily shareholding numbers because they are required to by the SEC.
Why would I buy and sell for them? Simply pointing out how a mkt cap weighted index, rebalanced quarterly works, pretty common knowledge in the financial space.
Funds are normally tracked on two metrics. Asset value and traded value.
You need to know the full makeup of the fund to track asset value.
All normal stuff, nothing odd going on here.
The only inference you might make is that retail buyers are buying the fund. We don't now if that is better or not vs total capital inflows as a whole.
jdt1990, are you buying and selling for them.
Explain why they post daily share holding numbers.
Kieffy just to dispel this myth. GDXJ don't actively buy/sell between rebalance periods to get back to the target GGP allocations. This change in shareholding between rebalance periods is driven by investor subscriptions/redemptions.
Investors redeem = GDXJ sell holdings proportionally across the portfolio to fund those.
Investors redeem = GDXJ buy holdings proportionally across the portfolio to allocate that cash.
Otherwise they would be constantly chasing their tail buying and selling to hit the GGP target allocation daily. The change in GGP share price/mkt cap only comes into play quarterly.
Interesting GDXJ sold down to 207.000.000 and now back up to 210.000.000 say no more.