There’s no doubt that Gold’s been hot, to the tune of 16% up in the past month. However, even the most ambitious leveraged ETF can deliver a 2X return on gold prices via (UGL). In order to obtain a 421% return on GOE during this timeframe on an ETF/ETN, you’d be talking a leverage factor [...]
Copyright 2008-2010 Everyday Websites, LLC
This blog is intended solely for information purposes. The opinions are those of the author only. It is recommended that you conduct independent research and consult a certified financial adviser before making any investment or financial decisions based on content from this blog. No responsibility will be accepted for adverse events that may result as a consequence of acting on the information presented herein.
Gold ETN GOE up 421% in 1 Month – What Gives?
There’s no doubt that Gold’s been hot, to the tune of 16% up in the past month. However, even the most ambitious leveraged ETF can deliver a 2X return on gold prices via (UGL). In order to obtain a 421% return on GOE during this timeframe on an ETF/ETN, you’d be talking a leverage factor [...]