Broker said that since this is an ETF, the bid/ask determines the price. It usually tracks the 0.064 rate, but the current price is determined by buyers sellers. Eventually, it will reach the 0.064 ratio, once it becomes evident to more that Gold is in an upward move to $1450. it may then trade at a premium, as shorts will be covering.
Expecting more short covering this Friday, as the report is expected to be on the "light" side.
Listen to N.B.
I have been adding and keep adding.....This is the most undervalued stock in the sector, with accelerated growth potential.....When this trades in the 0.24 after Q2 earnings, then Wall Street may notice!