ETN an exchange traded note, an "unsecured note" of the issuer.
Doe this concern anybody? Barclays down 20% today.
This is a stock fund, not a gold fund.
"Good thing NUGT isn't a gold stock" Huh??? Its a 3 times leveraged gold tock ETF, so if GDX falls 20%, NUGT could fall 60%---gold stock on steroids!