ETFs are ponzi schemes with ZERO VALUE created by dirt Banksters to steal peoples money
These ETFs are based on hot air and there is no transparency . TVIX & UVXY are two great examples which lost 95% in Value . There is NO VALUE behind these ETF ponzi schemes .The one and only way to invest in gold miners is still to buy the Companies stocks like ABX,GG or NEM directly .
Avoid ETFs folks they stealing your money .Please read the prospectus very closely about this ponzi scam before you burn all your hard earned money .Inception date of this ponzi scam is just 2 years ago but already lost 80% .
Let's don't get into conspiracy theories. It says black on white 3x ETFs are for trading not long term investments. Today is no different than any other day on the market. My PM miners portfolio, built with 21 stocks with the very best books in the sector, is down 4.12% for the day, just a little better than GDX or HUI.
Usually, this portfolio outperforms them by a few basic points.
It is what it is - the sector is out of favor.
It has been known to happen to other sectors: Solar, coal miners, water transportation... and the list can go on. Financials are trailing the overall market