VelocityShares 3x Inverse Gold ETNFund
- Change 2.97 (3.2%)
- Volume 0.02 M
12:56 PM EDT Nov 27, 2015
U.S. Markets are closed
- Assets $12.7M
- Expense Ratio 1.35%
- Yield N/A
- Vs 50 Day EMA %
- Vs 200 Day EMA %
VelocityShares 3x Inverse Gold ETN is an exchange-traded note issued in the USA. The Note will provide investors with a cash payment at the scheduled maturity or early redemption based on the performance of the underlying index the S&P GSCI® Gold Index Excess Return.
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11-27-2015 02:00 PM by Tom Lydon
In the current economic environment, gold bullion and related exchange traded funds are stuck in a rut, with the precious metal experiencing six-week losing streak and trading around six-year lows. Over the past six weeks since the October 16 close, the SPDR Gold Shares (NYSEA...
09-28-2015 04:57 PM by Tom Lydon
While some anticipate that a partial government shutdown ahead has diminished with the announced resignation of House Speaker John Boehner, safe-haven gold assets and related exchange traded funds could enjoy a short-term bounce if a deal does not go through. "If we do have a ...
09-11-2015 02:45 PM by Tom Lydon
While many expect the Federal Reserve to push off on a rate hike, there is still a chance of a higher interest rate announcement next week. The change will have wide reaching effects and weigh on many markets and exchange traded funds. The markets currently predict a one in fo...
06-19-2015 10:30 AM by Tom Lydon
After Federal Reserve Chair Janet Yellen pushed off an interest-rate hike, gold related exchange traded funds popped Thursday, with bullion prices rising the most in five weeks. On Thursday, the SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Phys...
04-17-2015 10:00 AM by Tom Lydon
After a series of weak U.S. economic data points, gold bullion and related exchange traded funds look more polished and are trading back above their short-term trend lines. However, a slowly strengthening economy could mean an eventual downfall in the safe-haven asset. The SPD...
11-04-2014 08:00 AM by Tom Lydon
As the U.S. dollar strengthens and bullion prices draw near four-year lows, speculators are have grown more bearish, with some turning to inverse gold-related exchange traded funds. The physically backed SPDR Gold Shares (NYSEArca: GLD) has declined 3.1% over the past month an...
09-04-2014 02:20 PM by Max Chen
Gold bullion and related exchange traded funds are under pressure as a stronger U.S. dollar makes purchases more expensive and demand dips overseas. The SPDR Gold Shares (NYSEArca: GLD) has declined 1.8% over the past month but is still up 5.2% year-to-date. COMEX gold futu...
04-15-2013 04:02 PM by Tom Lydon
Gold is crashing with prices dipping below $1,400 an ounce Monday. Inverse ETFs are capitalizing on gold's misfortunes. The ProShares UltraShort Gold (NYSEArca: GLL), which tries to reflect two times the inverse, or -200%, daily performance of gold bullion, surged 15.8% Monday...
03-12-2012 12:44 PM by Tom Lydon
Gold exchange traded funds seem to be coiling for their next big move with the precious metal's price hovering around $1,700 an ounce in March. Gold ETFs such as SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares (NYSEArca:...
02-13-2012 01:15 PM by Tom Lydon
Gold prices are hovering above $1,700 an ounce and ETFs that invest in the precious metal could move higher in 2012 on Europe's lingering debt crisis and further monetary easing from central banks. Gold prices dropped 1.2% for the week ended Feb. 10, settling at around $1,725 ...
01-27-2012 10:17 AM by Paul Weisbruch, Street One Financial
On Thursday we saw evidence of options players looking to get short gold-related exchange traded funds, including SPDR Gold Shares (NYSEArca: GLD) and Market Vectors Gold Miners ETF (NYSEArca: GDX). Gold, as well as silver, have had impressive rallies the past several days and...
11-30-2011 11:35 AM by Paul Weisbruch, Street One Financial
Despite the sell-off from peak levels reached in August and September of this year and news that well known hedge fund managers including John Paulson have been paring back their exposure to the metal, exchange traded funds that track the price of gold bullion remain the best per...
10-19-2011 08:21 AM by Tom Lydon
VelocityShares this week listed eight new leveraged and inverse exchange traded notes for precious metals. The new ETNs offer 200% and 300% leverage and allow investors to go long or short on gold, silver, palladium and platinum. The funds began trading on Oct. 17. [ETFs Li...