ProShares Ultra Gold (UGL) seeks daily investment results that correspond to twice (200%) the daily performance. This means that when gold price goes up 1%, this ETF will go up 2%. Vice versa it also means that when gold price goes up 1%, this ETF will go down 2%. Hence the risk is higher compared to a normal gold ETF like GLD.
Currently UK, USA, Europe and Japan are implementing qualitative easing. Qualitative easing simply means printing of money. Gold is the only currency that cannot be print. Hence gold will become more and more valuable in the long run.
Today I had bought UGL at 74.82.
So far we have 100% success rate in commodity trading. Here are my past trades on commodities:
Oil ETF: 13.23% profit
Vale: 11.08% profit + 5% dividend
BHP Billiton: 10.27% profit
Gold ETF: 11.90% profit
Gold ETF: 9.59% profit
Silver ETF: 16% profit
Spot Silver: 516 pips profit
Spot Silver: 325 pips profit
To trade commodities is very simple, we will observe the trades of the insiders; we will use those information to differentiate buy and signal signals. After that we will check the chart using our designated indicator to find out if the entry point is good. If entry point is good, we will enter the trade using the exchange traded fund (ETF) or buy the stock that will most benefit from the rise of that commodity.
In our view trading commodity ETF has lower risk than buying common stocks. Commodity ETFs are not subjected to risk of accounting fraud or risk of negative earnings announcement or business risk which are hard to predict. If I buy oil ETF, as long as oil goes up, my oil ETF will definitely go up. It is that simple.
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Profit from Gold’s Uptrend By Investing In An ETF
Published 03/20/2013, 02:38 AM
Updated 07/09/2023, 06:31 AM
Profit from Gold’s Uptrend By Investing In An ETF
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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