CUR - UGL: 2x Daily Returns On Gold But Be Careful Of Cycle
2024-06-20 15:17:35 ET
Summary
- ProShares Ultra Gold ETF is a daily leveraged play on Gold.
- If Gold trades sideways and volatile, the UGL ETF would not perform 2x as well as Gold.
- If Gold is in a secular bull trend, this is a geared way to play it for traders.
Gold. It’s shiny. It’s considered a store of value (something I disagree with by definition, given it has tail risk). Considered "alternative." It’s non-correlated. And it can be leveraged without margin. Are you big on Gold? Personally, I am. I think we are entering a cycle where Gold does continue to perform well on a go-forward basis....
UGL: 2x Daily Returns On Gold, But Be Careful Of Cycle