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Gold/Mining/Energy : GDXJ - Market Vectors Junior Gold Miners Index -- Ignore unavailable to you. Want to Upgrade?

To: posthumousone who wrote (66)11/12/2009 4:01:44 AM
From: alpharomero.com  Respond to of 196
 
I read the prospectus a few weeks ago with the same thought. Indeed, most (80% or 90%) of their money must actually buy the shares...not a synthetic tracking stock.

(Confirm for yourself before investing. My advice may be worth exactly what you paid for it <g>)



To: posthumousone who wrote (66)11/12/2009 5:19:35 AM
From: Tommaso  Read Replies (1) | Respond to of 196
 
Well, in the prospectus, I think, they said they would have 80% of the fund's money in actual stocks. And there are not any options available for most of these small-cap gold miners. Maybe you could find a counterparty crazy enough to enter into some hedging arrangement. That WOULD be a problem because the counterparties could easily be bankrupted.


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