Posts for Ticker ‘DGZ’

$800 or $1,200 Gold, Panic Vs. Inflation, ETF’s (GLD, UGL, DZZ, DGP, DGZ, GDX)

gold-image1We have probably covered more gold stocks over the last couple of months than we care to recall, but we have been getting more and more inquiries on the ETF’s and on how to play the shiny yellow stuff directly.  When we see the media covering any topic with this frenzy and traders getting more and more interested, history and calm dictate that an inflection point has been reached.  Following this inflection point is almost certainly what will be a sharp move in either direction.  Gold breached the $1,000.00 threshold Friday as panic set further and further in, so in theory we could either be at $1,200.00 or $800.00 with a near-equal probablity in just a few months.
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Posted on: February 21, 2009 – 8:43 am in Commodities, ETF, Luxury, Metals, Oil & Gas, Trading Alert, , , , , ,

Leveraged Gold ETN/ETF Launches (DZZ, DGP, DGZ, GLD, GDX, DGL, DB)

Deutsche Bank AG (NYSE: DB) has launched three new Exchange Traded Notes (ETN’s) that will track the performance of certain index moves inside the Deutsche Bank Liquid Commodity Index – Optimum Yield Gold ™.  What is great is that these three ETN’s can be used in IRA’s for long or short trading styles because of some immediate inverse in the ETN’s.  Investors can also make leveraged strategies based on the ETN’s.

The ETN’s listed by Deutsche Bank will now trade on NYSE Arca under the following ticker symbols:

  • DB Gold Double Short ETN (NYSE: DZZ)
  • DB Gold Double Long ETN (NYSE: DGP)
  • DB Gold Short ETN (NYSE: DGZ)

Prior to this, the normal gold ETF from the Deutsche Bank index was PowerShares DB Gold (AMEX: DGL).

Investors will now have more select exchange traded vehicles outside of the streetTRACKS Gold Shares (NYSE: GLD) ETN that tracks the raw price of gold on a 1:10 price ratio, and outside of the ETF called the Van Eck’s Market Vectors Gold Miners ETF (AMEX: GDX) that tracks some of the major gold mining stocks rather than the commodity.   

"Thar’s gold ETN’s in them thar hills."

Jon C. Ogg
February 28, 2008

Posted on: February 28, 2008 – 2:35 pm in ETF, Metals, , , , , , , , ,