All day the % change for agq was more than twice slv when down and less than twice slv when up?
At 3:56 slv is up 0.24% and agq is only up 0.09%.
For a stretch of time slv was up and agq was down.....thought this was managed for bettyer accuracy?
they are both SIDE markets for silver. the comex is the real market, I think, not these efts or 'ebay' as the coin dealers promote hereabts...
standing aside in cash....the u$d getting slammed today...PM's not responding yet..
For anyone who is "purchasing" AGQ and trying to rely on the 2x leverage to actual Comex Silver - BEWARE! All you need to do is go back to 2/29/12 when Comex Silver was about 36+ and AGQ was 73.50 (actual highs for the day were 37+ and 74.50 respectively) - which was a 2x leverage - and then this so called "time delay" factor came into effect and has been on a decreasing leverage basis since. If it tracked to actual pricing of silver i.e. today Comex Silver is 30.89 - which would then imply AGQ should be at least 61+. This "risk of time decay" apparently is disclosed somewhere in the ProShares ETF information; however, how would anyone of us know how they actually derive it. So, if you are lucky and the price action goes incredibly high and quickly - as it has at some times in the past you win. Most of the time - you lose! Then there's the other problem of how Silver is tracking to Gold - at one point it is 1 oz gold = 50 oz silver - but it has been about 1:56 for a while and now 1:54 - there's a "fluctuation" factor we have no control over either. Who determines this??
AGQ has a time decay, I would not hold this for long periods. Just do a 2 year comparison with SLV over 2 years at the same SLV price. Lose about 40 percent. That's why they have to reset the price every couple years. Wake up