For a big picture view the following for the bashers:
Between 1999 or so and now gold went up times 4. TRE went up times 15.
Between 2008 and now gold went up times 1.8 or so. TRE went up times 4
Between mid 2009 or so now gold went up times 1.5 or so and tre double and a bit. Thats times two and more and counting
See the consistency here?
TRE provides 200 to 300% leverage to the price of gold, precisely as Jim Sinclair promised unless one is stupid enough to buy a 1929 kind of overvaluation 3 years ago. Even those who were that silly will be out of the woodworks before the year is over.
All esle is nonsense.