PowerShares DB Gold Short ETN (NYSEArca: DGZ) is very similar to DZZ, only it offers one to one short exposure without the double leverage.
Finally, the newest product to the gold ETP front on the short side is VelocityShares 3X Inverse Gold ETN (NYSEArca: DGLD) which as its name suggests, provides 3 times leveraged exposure. It is important to note that these funds
incorporate leverage and thus compounding is an important consideration along with the trend and volatility of gold spot prices in determining when and how to use these funds as hedges and/or outright bearish trading strategies.
PowerShares DB Gold Double Short ETN
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Full disclosure: Tom Lydon’s clients own GLD.