Ultra Short Gold
I mentioned yesterday that there is Ultra Short Crude Oil ETN (like ETF).
There is also Ultra Short Gold ETN :
DB Gold Double Short ETN(Symbol: DZZ)
I will monitor this ETN as I have bearish view to gold based on principles of my stock chart analysis and so I could use these shares to enter ETF short swing strategy trade. I expect that gold is going to drop to 800 USD area.
June 27th, 2008 at 8:58 am
Something for bulls. I am not saying I am a bull.
DGP = DB Gold Double Long ETN
June 27th, 2008 at 10:33 pm
Yes sure, there is also Double Long ETN for gold. Although that I think gold time is over and current moves are only pushed by oil and fear.