Seeking Alpha

  VelocityShares 3x Long Silver ETN - NASDAQ

11/27/2014, 8:17 AM ET
  • Michael Bryant | Send Message 15 Apr 2013

    VelocityShares 3x Long Silver ($USLV) looks like flash crash. Short-term buy. Bet it's higher 2 days from now;c=
      USLV vs. ETF Alternatives
      USLV Description
      "The VelocityShares 3x Long Silver ETNs linked to the S&P GSCI® Silver 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® Silver 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 silver future."
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