By: ETF Trends
April 15, 2013 at 16:02 PM EDT
Dull Gold Helps Inverse ETFs Shine
Gold is crashing with prices dipping below $1,400 an ounce Monday. Inverse ETFs are capitalizing on gold’s misfortunes. The ProShares UltraShort Gold (NYSEArca: GLL), which tries to reflect two times the inverse, or -200%, daily performance of gold bullion, surged 15.8% Monday as gold futures...
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