In what would seem a lifetime in the past, I was the equity index trader at a big financial institution on Bay Street. Although a lot has altered because then, there are elements of the game that are timeless. So I am putting my old hat back on to analyze VanEck’s current problems arising from the good results of their GDXJ ETF (Junior Gold Miners). And lest you think this will be a boring ETF specific piece, I urge you to suffer via the details as I feel the market is missing the greater image message.

For those unaware, VanEck lately announced they have been halting the creation of the their GDXJ 3x times Bull shares (JNUG) because they were operating into constraints. In reality, the popularity of the GDXJ ETF item has been so overwhelming, VanEck also reported they would be shifting the index rules to accommodate the elevated demand. From Bloomberg:

read through far more….

Just my view but there are as well many big businesses in this index for it to be named “Junior”

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Published at Thu, 20 Apr 2017 02:06:10 +0000

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