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Gold ETNs Provide Case Study In Monthly Leverage
August 30, 2011 at 09:45 AM EDT
After months of steady appreciation, gold has been on a bit of a wild ride over the last week or so. The precious metal has climbed to new heights repeatedly in 2011, thriving off of rising anxiety surrounding global equity markets, flights to safety after unprecedented downgrades, and even some weakness in the U.S. dollar. But last week gold encountered a rather rough patch that lent some credence to the notion that prices have inflated to bubble levels over the last few months. Investors fled gold ETFs in droves, taking profits generated during the run-up and jumping back into risky assets that have been battered by the wave of general risk aversion. Last week’s dip in gold prices also highlighted some of the nuances in the various exchange-traded products that offer leveraged exposure to precious metals. In particular, a pair of 2x leveraged ETNs linked to indexes comprised of gold [...] Click here to read the original article on ETFdb.com. Related Posts: Gold ETFs: Where Do They Go From Here? ETF Plays For $3,000 Gold Investors Flock To Inverse Gold ETFs Gold ETFs: Boom Or Bust? The Definitive Guide To Inverse Gold ETF Investing
After months of steady appreciation, gold has been on a bit of a wild ride over the last week or so. The precious metal has climbed to new heights repeatedly in 2011, thriving off of rising anxiety surrounding global equity markets, flights to safety after unprecedented downgrades, and even some weakness in the U.S. dollar. But last week gold encountered a rather rough patch that lent some credence to the notion that prices have inflated to bubble levels over the last few months. Investors fled gold ETFs in droves, taking profits generated during the run-up and jumping back into risky assets that have been battered by the wave of general risk aversion. Last week’s dip in gold prices also highlighted some of the nuances in the various exchange-traded products that offer leveraged exposure to precious metals. In particular, a pair of 2x leveraged ETNs linked to indexes comprised of gold [...]
