Loading ...If it’s a short PM ETF the dollars go into that bag, and if it’s a long PM ETF the dollars go into that same bag, or if it’s a short or long oil ETF the dollars go into the same bag. Then the PTB holding that bag simply reaches into the bag and puts those dollars to work, long or short, wherever they are needed to control ALL the markets….The reason they can get away with it is because the ETF charters only require that they TRACK the value of the underlying securities their ETF represents and report that value at the close of each market day…..and if they run into a problem all they have to do is delist the problem ETF, divide up and return whatever is left of the investor money, and walk away with no liability. All IMO and FWIW but that is basically what I see, and why Derivatives have exploded into existence so quickly.
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