Is there a Short or Ultra Short for Gold or precious metals similar to DUG for Oil stocks?
Answers
546 points
warren answered one year ago …
DO NOT SHORT GOLD, BUY ON HARD DIPS AND SELL ON STRONG RUN UPS. You will lose if you go short, I promise you that.
Warren,
www.peciousmetalstockreview.com
307 points
CG answered one year ago …
HBP Global Gold Bear ETF, trading on the Toronto Stock Exchange (ticker HGD).
Inverse Gold ETNs (Exchange Traded Notes *NOT* ETFs):
DB Gold Double Short ETN (DZZ)
DB Gold Short ETN (DGZ)
Or you can buy puts on the long gold ETFs to effectively short gold.
I'm long gold, but fear it'll plummet along with everything else when the market crash and global defaltion comes, which will be soon.
546 points
warren answered one year ago …
I disagr inflation will continue and accelerate. Deflation will not happen. Butin either scenario Gold will go up. It's a no lose trade over the mid to longer term.
Honestly,
Warren
139 points
mugsy answered one year ago …
I totally argree with Warren. Short it if you like, but you better be ready to cover them quickly. gold has already pulled back and hasn't kept up with the oil surge. There is only so much gold in the world. The US Dollar may have a rally once in a while, but it will be against its long term down trend. Massive money printing is diluting the US Dollar. The intermediate and long term trend is up. Many investors may have taken gold out of the markets because it is very tangible and liquid. It will soar to much higher prices then a thousand dollars an ounce. It was very recently breaking above $725 resistance and only a couple years ago, some analysts saying it wouldn't break above $500. The fundamentals say that it is going higher, much higher over the years. If you go long, you are definetely with the trend.
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