For a nasty looking market, try UGL why?

What shines more than gold in a paper currency print-off?

How about double gold?

A new ETF from Proshares is designed to return twice (200%) the daily performance, before fees and expenses, of gold bullion as measured by the U.S. Dollar fixing price for delivery in London. This ETF is structured as a partnership and it uses a combination of forward and futures contracts.

It just started trading in early December and has already moved from 23 to 33 for a more than 43% gain.

ugl020909

Also available in silver sporting almost a double.

agq020909

This entry was posted on Monday, February 9th, 2009 at 8:05 am and is filed under asset rotation, bailout, bank failure, bankruptcy, banks, bear market, bubbles, buy and hold, capital, charts, commodities, debt-ceiling, deficits, derivatives, economy, federal budget, Federal Reserve, financials, fiscal policy, foreclosure, futures, gold, inflation, interest rates, liquidity, recession, relative strength, risk management, sentiment, silver. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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