Direxion will launch 2 leveraged gold ETFs on April 10

|About: Direxion Daily Gold Bul... (BAR)|By:, SA News Editor

The Direxion Daily Gold Bull 3x Shares (GLDL) and Daily Gold Bear 3x Shares (GLDS) are two futures based ETFs that are built to return 300% of their respective benchmarks.

These funds will directly compete with VelocityShares 3x Long Gold ETN (UGLD) and 3x Inverse Gold ETN (DGLD), which were launched in October 2011.

While gold has rallied in 2014, UGLD has lost 68% since inception, while DGLD has returned 45% in the same time period.

Other gold ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, DGL, GLDI, DGZ, AGOL, TBAR, UBG, GLDE, GYEN, GEUR, GGBP