Loading ...DZZ vs GLL
ETFs coming under scrutiny like the JNUG and GDXJ mess.
What about this pair? DZZ ramping while DGLD and GLL are muted.
Please turn off the print instruction … didn’t know whether removing that would kill the link.
PS — I try to stay clear of ETNs when I have the choice. Stick to ETFs over ETNs, esp. if DB is the sponsor.
Thanks Pedro
That’s Nuckin Futz
Two instruments exactly the same 2X Short Gold and one is flying while the other just sits there
These things are out of control…this cant be good…(unless you were lucky enough to chose the right one)
Interesting: is it out of the ordinary. Taking the ratio over the past 3 years says YES:
http://stockcharts.com/h-sc/ui?s=DZZ:GLL&p=M&yr=3&mn=0&dy=0&id=p84715185119&a=422997387&listNum=1
This looks like the largest anomaly in the ratio of those two since Sept 2011 gold top:
9 year chart:
http://stockcharts.com/h-sc/ui?s=DZZ:GLL&p=M&yr=9&mn=0&dy=0&id=p84715185119&a=422997387&listNum=1
Also DZZ appears to have outperformed a little over the longer term.
Maybe just a big player buying a big hedge by buying 1.5 million shares od DZZ?
Volume was enormous on the jump days for DZZ, yes.
But why not use the others instead? Or some mix?
These aren’t closed end funds.
They should be 1 to 1 as you noted they mostly have been.
Ahh.