The ETF spot price can depart from actual value of BTC. To bring fund back in line with BTC actual value authorized participants are allowed to create or redeem large blocks of shares.
APs are typically large financial institutions that profit from the arbitrage opportunity.
APs are typically large financial institutions that profit from the arbitrage opportunity.
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$Bristol-Myers Squibb(BMY.US$ Sold small lottery tickets yesterday with a plan to buy more $Rio Tinto Ltd(RIO.AU$ today but instead I bought this turd on a whim. Very upset with myself
Portfolio is light in the 'Materials' sector. Looking to add and narrowed it down to RIO or BHP. I am leaning toward RIO. Open to any insights, change my mind or back me up... $Rio Tinto Ltd(RIO.AU$ $BHP Group Ltd(BHP.AU$
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Gaxsun
commented on
In honour of Anzac Day, we're hosting a special event for our Australian community members. Whether you're going to spend the morning at a dawn service, or commemorate in your own way - we wanted to foster camaraderie within the moomoo community.
Inspired by the Aussie classic you'll find at your local pub on Anzac day, we are playing two-up - with a trading twist!
If you aren't familiar with two-up, it is a traditional Australian gambling...
Inspired by the Aussie classic you'll find at your local pub on Anzac day, we are playing two-up - with a trading twist!
If you aren't familiar with two-up, it is a traditional Australian gambling...
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Gaxsun
liked
First off, $Nucor(NUE.US$ was soaring to the skies 🚀 while $BHP Group Ltd(BHP.AU$ was taking a breather at a lower level.
But here's the kicker - BHP offers a WHOPPING 4.99% yield compared to just 1.1% from NUE! 💸 And guess what? Their expected EPS in 2024 still gives us roughly the same P/E ratios. 🤑
Plus, I'm NOT a fan of Nucor's crazy stock repurchases! 😒 I like to keep a diverse mix of metal/commodity stocks in my...
But here's the kicker - BHP offers a WHOPPING 4.99% yield compared to just 1.1% from NUE! 💸 And guess what? Their expected EPS in 2024 still gives us roughly the same P/E ratios. 🤑
Plus, I'm NOT a fan of Nucor's crazy stock repurchases! 😒 I like to keep a diverse mix of metal/commodity stocks in my...
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Just had a double half decaffeinated decaf.... with a hedge fund manager..
Suggested gold stocks will perform from next week.
$Kingsgate Consolidated Ltd(KCN.AU$ 2nd processing plant refurbishment completed next week / week after.
Both plants give +6 million tonnes per annum processing capacity, +120,000 ounces, +$180,000,000 profit a year !
Current market cap just $300 mill at $1.22
Suggested gold stocks will perform from next week.
$Kingsgate Consolidated Ltd(KCN.AU$ 2nd processing plant refurbishment completed next week / week after.
Both plants give +6 million tonnes per annum processing capacity, +120,000 ounces, +$180,000,000 profit a year !
Current market cap just $300 mill at $1.22
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Gaxsun
liked and commented on
$IDP Education Ltd(IEL.AU$ Fast drop to target price
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Rio Tinto CEO Jakob Stausholm says China's establishment of new supply chains for its green transition presents new business opportunities for the company.
As China becomes a world leader in areas such as photovoltaics, wind power, grid construction, and new energy vehicles, this provides a larger market for Rio Tinto's products, especially copper, aluminum, and battery materials. For example, electric vehicles will use more copper, grid expansion will require more copper and aluminum, and alumi...
As China becomes a world leader in areas such as photovoltaics, wind power, grid construction, and new energy vehicles, this provides a larger market for Rio Tinto's products, especially copper, aluminum, and battery materials. For example, electric vehicles will use more copper, grid expansion will require more copper and aluminum, and alumi...