Loading ...I could never understand why ETF’s were ever allowed in the PM’s….after all they were designed to get more people into PM’s, the last thing the Gu’mint wants…so why allow them.
Well it seems they were allowed, to do exactly that…they may say they trade PM’s, but I seriously doubt they do, and certainly not how they are supposed to. I think they are full of hybrid paper derivatives.
I think there allowed because they would be able to deflect a large portion of the money away from actual PM’s and actual Shares.
GDXJ’s problems are letting us all see a glance, of what they are upto and it don’t look clever.