THE Actual MESSAGE FROM THE GDXJ MESS

In what appears a lifetime ago, I was the equity index trader at a huge financial institution on Bay Street. Though a whole lot has altered because then, there are components of the game that are timeless. So I am placing my outdated hat back on to analyze VanEck’s current troubles arising from the success of their GDXJ ETF (Junior Gold Miners). And lest you consider this will be a boring ETF specific piece, I urge you to suffer by means of the information as I feel the marketplace is missing the greater picture message.

For individuals unaware, VanEck recently announced they had been halting the creation of the their GDXJ 3x instances Bull shares (JNUG) simply because they had been running into constraints. In truth, the recognition of the GDXJ ETF solution has been so mind-boggling, VanEck also reported they would be altering the index guidelines to accommodate the elevated demand. From Bloomberg:

go through a lot more….

Just my viewpoint but there are also a lot of large businesses in this index for it to be referred to as “Junior”

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

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