THE True MESSAGE FROM THE GDXJ MESS

In what seems a lifetime ago, I was the equity index trader at a huge financial institution on Bay Street. Though a good deal has altered considering that then, there are elements of the game that are timeless. So I am placing my previous hat back on to analyze VanEck’s current difficulties arising from the good results of their GDXJ ETF (Junior Gold Miners). And lest you believe this will be a dull ETF specific piece, I urge you to endure through the particulars as I feel the market place is missing the bigger picture message.

For people unaware, VanEck recently announced they have been halting the creation of the their GDXJ 3x times Bull shares (JNUG) due to the fact they have been working into constraints. In truth, the reputation of the GDXJ ETF product has been so overwhelming, VanEck also reported they would be shifting the index principles to accommodate the increased demand. From Bloomberg:

go through much more….

Just my viewpoint but there are too numerous huge organizations in this index for it to be known as “Junior”

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

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