you are viewing a single comment's thread.
the sharks smell the blood an are out to destroy this instrument.if you have etn's u should get out of all of them.if u r not sure find out fast.smell a pop in pm's because of this
Even with a 31% drop it's still overvalued 19%, more downside to go.What do you like on the pm's Chemaes? silver?
the ramifications are HUGE, as i think of it.years ago, money would only go into stocks. today, some of the money that would go into stocks go into ETF's/ETN's.What has happened because of it? miners haven't appreciated the same way they normally would as tied to their underlying metal. I think the effect has been similar in a host of other industry'sI think banks, pharma's, miners etc have had money diverted away from the shares to ETN's which might track the sector.If one etn is destroyed, the entire ETN industry might be in trouble. this could be a systemic risk thing. I'm just thinking out load to get ahead of the curb.