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Does anybody now why GDM ARCA Gold Miners Index is Up 11%

GDM DUST NUGT

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#1 Geomean

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Posted 22 August 2016 - 08:49 AM

The 3x ETF's that suppose to track the GDM index are down.  Very confusing!!


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#2 kssmibotm

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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.



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#3 Data

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Posted 22 August 2016 - 10:35 AM

It looks like it was in error before.  

 

https://www.nyse.com/quote/index/GDM



#4 kinga200

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Posted 22 August 2016 - 10:50 AM

It looks like it was in error before.  

 

https://www.nyse.com/quote/index/GDM

Thats comforting...

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#5 Geomean

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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.
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