Is there another ETF like GLD that trades options?

Discussion in 'ETFs' started by jgold310, Apr 22, 2008.

  1. jgold310

    jgold310

    GLD does not have options. Which stock or ETF do you use to be long or short on gold?Thanks!
     
  2. GDX, which more or less tracks the HUI, the Amex Gold Bugs Index. My rule of thumb is that the HUI will move by more or less the same number of points that gold moves in dollars, and GDX will move one-tenth of that, since it's about one-tenth the HUI. In percentage terms, this means it will be twice as volatile, which is fine. As it tracks stocks instead of the metal, it won't correlate perfectly, and on some days it will be up when the metal is down, and vice versa.
     
  3. rosy2

    rosy2

    GDX
    PAAS
    AEM
    DBS
    KGC
    NEM
    ABX
    DGL
    IAU
    DBP
    SLV
    GG