Commodities & Metals
Leveraged Gold ETN/ETF Launches (DZZ, DGP, DGZ, GLD, GDX, DGL, DB)
Published:
Deutsche Bank AG (NYSE: DB) has launched three new Exchange Traded Notes (ETN’s) that will track the performance of certain index moves inside the Deutsche Bank Liquid Commodity Index – Optimum Yield Gold ™. What is great is that these three ETN’s can be used in IRA’s for long or short trading styles because of some immediate inverse in the ETN’s. Investors can also make leveraged strategies based on the ETN’s.
The ETN’s listed by Deutsche Bank will now trade on NYSE Arca under the following ticker symbols:
- DB Gold Double Short ETN (NYSE: DZZ)
- DB Gold Double Long ETN (NYSE: DGP)
- DB Gold Short ETN (NYSE: DGZ)
Prior to this, the normal gold ETF from the Deutsche Bank index was PowerShares DB Gold (AMEX: DGL).
Investors will now have more select exchange traded vehicles outside of the streetTRACKS Gold Shares (NYSE: GLD) ETN that tracks the raw price of gold on a 1:10 price ratio, and outside of the ETF called the Van Eck’s Market Vectors Gold Miners ETF (AMEX: GDX) that tracks some of the major gold mining stocks rather than the commodity.
"Thar’s gold ETN’s in them thar hills."
Jon C. Ogg
February 28, 2008
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
