JNUG is JDST!
MsMorrisine
Posts: 32,995 ✭✭✭✭✭
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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MsMorrisine
Posts: 32,995 ✭✭✭✭✭
Comments
Looks to me like JNUG is new and improved with this no new creation play. With GDXJ down today, JNUG only declined 2.2X GDXJ...instead of the advertised 3.0X. NUGT was only down 2.4X GDX....another over-performance. JDST was up 3.08X GDXJ....a slight over-performance. Seems the JNUG shareholders were holding on tighter because of this change.
So in this situation, JNUG actually outperformed by 26%. While JDST was only 2% above advertised. 13X difference goes to JNUG. JDST still remains the biggest turd of the PM ETF's. JNUG is no JDST.
Wouldn't buy JNUG vs NUGT because of the premium on JNUG, which will be short lived.
Could buy NUGT and short JNUG for Arbitrage, but not a complete apples to apple trade.
Would be nutz to buy JNUG while there is a premium, it's tough enough to make money consistently with this things without paying more than they're are worth.
Fire sale, but how low can the miners go?
got DUST?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
GDXJ right around a strong support level, will be interesting to see if it holds.