“Increasing the debt ceiling is not going to make the debt go away, while the debt problems in Europe aren’t going to be resolved overnight, and we’re seeing all these getting reflected in the weaker economic numbers,” commented Zhang Yingying, analyst at Galaxy Futures Co.
PowerShares DB Gold Double Long ETN is designed to provide 200% of the price of gold on a monthly basis. Losses are magnified when gold prices fall.
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ProShares Ultra Gold
Max Chen contributed to this article.