You're dreaming sport. This thing will NEVER see $200 again. You better get an education on how these ETFs and ETNs work. This thing is designed to go to ZERO. And just because gold is going up doesn't mean that it translates to profits for the gold miners......most of which are swimming in tons of debt.
This is PURELY a psychological play, that got taken over by HFT algorithms this week.
This thing is heading back to the LOW 20s, where it will become dead money, with the occasional bounce like now.