Seeking Alpha

  VelocityShares 3x Long Gold ETN (UGLD) - NASDAQ

  • Toyman317 | Send Message 21 Feb 2012

    Wishing I was holding more UGLD today.
    Reply (1)
    • AlphaVolume | Send Message 21 Feb 2012
      : for buy n hold. GDXJ much better
      UGLD vs. ETF Alternatives
      UGLD Description
      The VelocityShares 3x Long Gold ETNs linked to the S&P GSCI® Gold Index ER (the “ETNs”) are senior, unsecured obligations of Credit Suisse AG (“Credit Suisse”) acting through its Nassau branch. The ETNs seek to provide long exposure to three times (3x) the daily performance of the S&P GSCI® Gold Index ER (the “Index”) plus a daily accrual equal to the return that could be earned on a notional capital reinvestment at the three month U.S. Treasury rate as reported on Bloomberg under ticker USB3MTA, less the daily investor fee. The ETNs are intended to provide traders with an exchange traded instrument enabling them to efficiently express their market views on the COMEX gold future.
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