12/26/19 was down -1.24 to 58.30. The GGGs are now trading premium to the component by +11.95. Over the past 6-years, from this date until the GGGs go to cash settlement the Index has gained an average of +4.87 per year. In 2017 it gained 17.13 and in 2015 it lost -20.57. Perhaps now is the time to be careful trading the GGGs.

Best wishes,

Doc