THE True MESSAGE FROM THE GDXJ MESS

In what would seem a lifetime in the past, I was the equity index trader at a massive financial institution on Bay Street. Although a good deal has transformed because then, there are components of the game that are timeless. So I am putting my old hat back on to analyze VanEck’s current difficulties arising from the success of their GDXJ ETF (Junior Gold Miners). And lest you believe this will be a dull ETF particular piece, I urge you to suffer by means of the information as I feel the industry is missing the bigger image message.

For those unaware, VanEck not too long ago announced they had been halting the creation of the their GDXJ 3x times Bull shares (JNUG) because they had been running into constraints. In reality, the reputation of the GDXJ ETF merchandise has been so mind-boggling, VanEck also reported they would be altering the index principles to accommodate the increased demand. From Bloomberg:

study much more….

Just my opinion but there are as well several big firms in this index for it to be referred to as “Junior”

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Published at Thu, 20 Apr 2017 02:06:ten +0000

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