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Commodities & Metals

Leveraged Gold ETN/ETF Launches (DZZ, DGP, DGZ, GLD, GDX, DGL, DB)

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By Douglas A. McIntyre Published
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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

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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