Agreed, but my point is that eventually there wil be a giant amount of demand that comes very quickly. Think 2016, but bigger. When that happens she'll shoot up like a penny stock.
The risk is not what traders think anymore now that gold has turned and will remain in an upward trend. Which means $NUGT and $JNUG will now have a sideways to upward bias. Eventually leading to just and upward bias in time.
Decay is only material if it shows up in my account. I down think it will as much as others.. ;^)