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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 [...]