The 3x ETF's that suppose to track the GDM index are down. Very confusing!!
Does anybody now why GDM ARCA Gold Miners Index is Up 11%
Started by
Geomean
, Aug 22 2016 08:49 AM
GDM DUST NUGT
4 replies to this topic
#1
Posted 22 August 2016 - 08:49 AM
Opportunity knocks on your door every day-answer it.
#2
Posted 22 August 2016 - 10:30 AM
I guess you meant GDX. Currently, GDX down -1.7%. NUGT is down -5%. Seems to be tracking properly now.
People think the Holy Grail is something looked for but never found. In fact, it is something often found but rarely recognized.
#3
Posted 22 August 2016 - 10:35 AM
#4
Posted 22 August 2016 - 10:50 AM
Thats comforting...
As Semi said, "return of your investment"
#5
Posted 22 August 2016 - 11:20 AM
It was an error. The SprottZacksGDM was scheduled for rebalancing over the weekend. The ARCA GDM quote was corrected within minutes after I contacted the NYSE. Direxion said use GDX to compare until it was fixed, but that both NUGT and DUST track GDM per their offerring materials.
Opportunity knocks on your door every day-answer it.
Also tagged with one or more of these keywords: GDM, DUST, NUGT
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