woop,,how many shares are in the GDX TODAY? woop down by 7Million roughly
TOTAL SCAM imo when they can move the size of the shares on issue up or down to suit the Van eck arbitrage, you have zero chance of winning using this . Im actually surprised the authorities haven't had a good look at how this is clearly manipulated.
Think about it, you have $10000 to invest in a basket of gold miners, you see gold go up, you buy but the etf falls as the number on issue suddenly increases...........or vis versa
only one winning on this "tool" is van eck and the manager, one minute you buying into X Millions of shares, next day another lot, next day another lot.
