Hey junior gold miner suckers - you're not the only ones suffering

Here's platinum:

Here's the platinum miners ETF:

In case you don't see it, here's a chart of the ratio, indicating the relative "performance" (snicker) of platinum miners to the metal:

Gentlemen, we have a new trademarked phrase: platinum miners also suck™.

Hey, speaking of which....

This ratio chart reminds me very much of the absolute performance of a double- or triple-leveraged ETF. If you stay in it for any length of time you get wiped out, even if the underlying stays steady, or even advances.

Now, as far as I know, there was a big stink a couple years ago where some important body like the SEC mandated that financial institutions (and I guess discount brokerages) have a fiduciary responsibility to notify all customers that leveraged ETFs are not long-term investments, and that you'll lose all your money if you hold them long-term even when the underlying trends up.

Don't you think, with this sort of performance from PM company ETFs, that the SEC should force instos to tell their clients not to own PM companies, for the exact same reason?

I mean yes, I'm being a bitch here, but even still, the chart is the chart, right?