Loading ...Dec. 9, 2014 6:48 PM ET | Includes: GDXJ, JDST, JNUG
A Case of “Excellent Timing” (?)
Somehow we tend to think that if that proposal had been made in March/April of 2011, it would have been slightly better timed, but that’s just us. Let us take a look at the performance of the Market Vectors Junior Gold Miners ETF(NYSEARCA:GDXJ) over the past five years:
(click to enlarge)
The timing of the Pro-Shares offering could be slightly improved by employing a time machine … shorting stuff that is down 83% from its peak could actually turn out to be hazardous.
http://seekingalpha.com/article/2743965-new-junior-gold-mining-bear-etfs-another-contrarian-signal