Seeking Alpha

AdvisorShares will launch 4 active gold ETFs on Feb. 12

  • The AdvisorShares Gartman Gold/Euro ETF (GEUR), Gartman Gold/British Pound ETF (GGBP), Gartman Gold/Yen ETF (GYEN) and International Gold ETF (GLDE) will begin trading tomorrow morning.
  • The objective of GEUR, GGBP and GYEN is to seek returns by investing their respective currencies in the gold market; GLDE will seek returns by investing in ETPs that provide diversified exposure to the international gold market.
  • Sub-advised by Treesdale Partners, AdvisorShares will also receive insight from Dennis Gartman, editor and publisher of The Gartman Letter.
  • Noah Hamman, chief executive officer of AdvisorShares stated earlier: “Dennis Gartman’s widely recognized analysis and commentary among leading corporate, financial and trading institutions is well-known, and we believe Treesdale adds another deeply experienced portfolio manager to the AdvisorShares active ETF suite.”
  • Other Gold ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, DGZ, AGOL, GLDI, DGLD, TBAR, UBG
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Comments (4)
  • Brian Bobbitt
    , contributor
    Comments (1905) | Send Message
     
    Talk about bubbles;, there must be an approaching bubble of ways to invest in gold. Sure flies in the face of all those who say gold isn't money. If not, then what is it?

     

    What concerns me is the amount of gold out there in reality, the real number of ounces, which is the same the number of ounces that have to pay off investors if they want their money.

     

    If gold moves up, then, like all other investments, it wants to correct, and all the profiteers want their money, where the heckers is all that money going to come from? Have the gold trading floors of the world figured out what happens when a company goes bankrupt? Have they noticed that the company is the bad guy, not those running it legally?
    Now this is also signaling me that gold is gonna move up and probably soon. It will probably move faster and faster.
    Once it clears some real technical hurdles the pace will quicken, and at some time, it will get overbought (doesn't everything), the top will begin to sell, and here we go again.
    One way to stay off this greased pole is to have the physical.
    Two ways to do it: 1) own the physical, and 2) have a futures contract and take delivery.
    I plan, hopefully no later than next week get a futures contract.
    Two things will happen, Silver moves up and I sell with profits, or silver moves down and I take delivery. This time, I'm holding until it is over, or I die.
    I'm convinced, the rise of the metals is at hand.
    Capt. Brian
    The Lost Navigator
    11 Feb, 06:47 PM Reply Like
  • arihalli
    , contributor
    Comments (71) | Send Message
     
    I dont feel confident in Gartman. I recall (when i was watching T.V.) that he would issue buy and sell signals rather often as regards precious metals.
    11 Feb, 07:37 PM Reply Like
  • filipo
    , contributor
    Comments (3674) | Send Message
     
    Another means of diverting money from physical gold and depress prices......
    12 Feb, 12:24 AM Reply Like
  • TREX6789
    , contributor
    Comments (58) | Send Message
     
    Why don't any of these press releases mention Gartman's previous ETFs? Just search for Gartman in the Seeking alpha search bar and you'll find that he's involved in at least 3 other funds. Two are risk-on/risk-off plays from UBS's ETRACS. The last was only traded on the Canadian exchange. It was called the Horizons AlphaPro Gartman ETF. I think there might have also been a close ended fund with the same strategy.
    13 Feb, 10:36 PM Reply Like
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