In this case compared against GLD (SPDR Gold Trust, Expense Ratio 0.40%) as the Gold performance since these funds debuted, much less damage has been done to long holders than holding Gold purchased with U.S. dollars. Being newer funds, one can expect that daily trading volume may or may not be existent in size, but we think that portfolio managers will be impressed with tighter visual spreads that we typically see in both funds as well as displayed liquidity levels.
By the same stroke, we have seen some stranger prints on short term charts in both funds as well, separated from NAV by a statistically significant margin, which we can only explain as perhaps careless market orders sent in from somewhere and gobbled up by the market at some unrealistic level causing artificial highs/lows.
AdvisorShares Gartman Gold/Euro ETF
