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home / news releases / UGL - Gold: Headed Into A New And Virtual Economy


UGL - Gold: Headed Into A New And Virtual Economy

Gold Fundamentals

The volatility of the market has allowed us to trade the technical aspects of the market as well as the strong fundamental picture that it is building. It is a perfect storm for the precious metals, especially for gold. The collapse from $1704 to $1450 was a historic collapse. It was precipitated by COVID-19. In the face of all the liquidation across the board of assets, something happened with gold. There was a significant amount of selling pressure, but then gold rose again almost to the Sell 1 level of $1700. That represented

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Stock Information

Company Name: ProShares Ultra Gold
Stock Symbol: UGL
Market: NYSE

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