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I'm interested in the gold posters view on the current ETF prices compared to the actual GOLD price.
As you can see from the GOLD chart below the price today in US$ is the same as it was on the 25th July 2018.
However, the ETF's such as GDXJ VanEck Vectors Junior Gold Miners have not followed the trend of the GOLD price (see below). And are now nearly $4.5 below the equivalent GOLD price.
I'm not sure why this would be the case, can any one through some light onto why the ETF is nearly 14% oversold but I'm seeing this as a very good way of getting into the gold marker (GDXJ or even JNUG 3x) at current levels. So opinions would be great.
*Please don't turn this into a ETF (paper) v Physical (Gold) debate. Cheers.
