Loading ...That JNUG news is huge. Pretty obvious something was out of sync on Thursday with GDXJ and JNUG. Short term maybe they take a little hit but I expect JNUG will explode higher – I saw this with TVIX. Now, when they stop the daily order creation – get out! 🙂
Fred Hickey says demand in GDXJ is way outstripping supply for the ETF to buy “eligible companies”. That alone should force the share prices higher. This is the corruption and manipulation of Wall Street that we see on a day to day basis. No way GDXJ should have been subdued over the last week with the metals higher – it should have exploded higher.
And then there’s this from the CFTC – I’m sure G & S futures have never been affected….
April 4, 2017: Due to position reporting errors affecting several contract markets caused by account transfers and other updates, today we have published updated commitment reports for as of date March 28, 2017. The following markets are affected:
CBT Wheat – SRW (CFTC ID 001602)
MGE Wheat – HR Spring (CFTC ID 001626)
CBT Corn (CFTC ID 002602)
CBT Soybeans (CFTC ID 005602)
IFED NJ SRECs Vintage 2017 (CFTC ID 00639W)
IFED Calif Carbon All Vintage 2017 (CFTC ID 00639Y)
CBT U.S. Treasury Bonds (CFTC ID 020601)
CBT 2-Year U.S. Treasury Notes (CFTC ID 042601)
CBT 10-Year U.S. Treasury Notes (CFTC ID 043602)
CBT 5-Year U.S. Treasury Notes (CFTC ID 044601)
CBT 30-Day Federal Funds (CFTC ID 045601)
ICUS Sugar #11 (CFTC ID 080732)
ICUS U.S. Dollar Index (CFTC ID 098662)
CME 3-Month Eurodollars (CFTC ID 132741)
CME S&P 500 Consolidated (CFTC ID 13874+)
CME E-Mini S&P Stock Index (CFTC ID 13874A)
Here’ the COT report, doesn’t look too bad but of course because of the above it can’t be trusted at all. These guys are such criminals.
http://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm