But there was some positive news for GDX bulls on Friday:
institutions were net buyers of it in private exchanges (dark
pools) that day. Readers may recall we subscribe to
Squeeze
Metrics (and have an affiliate relationship with them, so
we are compensated when our readers join the site), which tracks
trades in dark pools. We have GDX on our watchlist on that site, so
we get emailed when there's unusual activity in it (Squeeze Metrics
defines unusual activity as a one-standard-deviation change from
the previous 120 trading days). On Friday, there was unusual
activity in GDX and two other names, Ford (NYSE:
F) and Gilead (NASDAQ:
GILD), prompting
this email from the site:
Hey there,
Looks like there was some unusual dark pool activity in some of the
tickers you follow.
F had a DPI of 42%.
GDX had a DPI of 77%.
GILD had a DPI of 46%.
DPI, you may recall, stands for Dark Pool Indicator, and it refers
to the percentage of dark pool trades that are buys -- and in the
case of GDX, 77% of them were buys on Friday. Clicking through, we
pulled up this chart on GDX:
Hedge funds are buying GDX heavily past 9 days.
Posted by steve101 on 9th of Jan 2017 at 03:45 pm
https://squeezemetrics.com/monitor/benefits
But there was some positive news for GDX bulls on Friday: institutions were net buyers of it in private exchanges (dark pools) that day. Readers may recall we subscribe to Squeeze Metrics (and have an affiliate relationship with them, so we are compensated when our readers join the site), which tracks trades in dark pools. We have GDX on our watchlist on that site, so we get emailed when there's unusual activity in it (Squeeze Metrics defines unusual activity as a one-standard-deviation change from the previous 120 trading days). On Friday, there was unusual activity in GDX and two other names, Ford (NYSE: F) and Gilead (NASDAQ: GILD), prompting this email from the site: