THE Real MESSAGE FROM THE GDXJ MESS

In what seems a lifetime ago, I was the equity index trader at a massive financial institution on Bay Street. Despite the fact that a lot has transformed considering that then, there are parts of the game that are timeless. So I am placing my old hat back on to analyze VanEck’s current problems arising from the success of their GDXJ ETF (Junior Gold Miners). And lest you feel this will be a dull ETF specific piece, I urge you to suffer by means of the specifics as I feel the industry is missing the greater picture message.

For individuals unaware, VanEck not too long ago announced they have been halting the creation of the their GDXJ 3x occasions Bull shares (JNUG) since they have been running into constraints. In truth, the reputation of the GDXJ ETF product has been so overwhelming, VanEck also reported they would be changing the index principles to accommodate the enhanced demand. From Bloomberg:

read much more….

Just my view but there are as well numerous huge organizations in this index for it to be named “Junior”

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

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