Ways to get leveraged exposure to Gold/Silver?

Discussion in 'ETFs' started by cgtrader, Apr 20, 2009.

  1. cgtrader

    cgtrader

    Any ideas for getting 2x or 3x leveraged exposure to Gold/Silver?

    I don't know of any ETF's, maybe gold miners?

    Any thoughts on CDE?
     
    #1     Apr 20, 2009
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  2. monty21

    monty21

    Leveraged ETFS are:

    DGP Gold Ultra Long 2X

    DZZ Gold Ultra Short 2X

    I've never traded them, so I'm unsure how precise the mathematics/correlation is to actual gold, so do some research before getting into either. As w/ most leveraged ETFs though, there is seemingly more risk to the downside.

    No clue about CDE

    Found these on the web too, but unsure if leveraged:

    * ProShares Ultra Gold (UGL)
    * ProShares UltraShort Gold (GLL)
    * ProShares Ultra Silver (AGQ)
    * ProShares UltraShort Silver (ZSL)
     
    #2     Apr 20, 2009
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  3. monty21

    monty21

    I would stay away from mining stocks...especially tiny cap ones. I personally view these trades as gambling. Even if gold/silver prices go up, these companies need to have and/or find gold/silver to make a profit.

    You can make or lose 80% on some rumor or news.
     
    #3     Apr 20, 2009
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  4. nazzdack

    nazzdack

    Trade the "smaller" futures contracts, i.e. kilogram-gold and 1000-ounce silver. :cool:
     
    #4     Apr 21, 2009
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