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FactorShares 2X Gold Bull/S&P 500 Bear ETF (FSG)

- NYSEARCA
FSG is defunct since November 22, 2013. Lack of investor interest
  • Nov. 26, 2013, 4:12 AM
    • The benchmark rate for the $20T gold market has become the latest focus of regulator scrutiny, with the U.K.'s Financial Conduct Authority looking at how the "London fix" is set, Bloomberg reports.
    • In a process that goes back to 1919, the rate is published twice a day following a telephone call between Barclays (BCS), Deutsche Bank (DB), Bank of Nova Scotia (BNS), HSBC (HSBC) and Societe Generale (SCGLY).
    • The process can last up to over an hour, with participants being able to use the information from the call to trade gold and its derivatives while the discussion is taking place.
    • "It's controlled by a handful of firms with a direct financial interest in where it's set, and there is virtually no oversight - and it's based on information exchanged among them during undisclosed calls," says Rosa Abrantes-Metz of New York University.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, GLTR, DGZ, AGOL, DBP, GLDI, DGLD, WITE, FSG, TBAR, JJP, UBG, RGRP, BLNG
    | Nov. 26, 2013, 4:12 AM | 10 Comments
  • Nov. 22, 2013, 7:39 AM
    • No longer having confidence inflation will accelerate anytime soon, John Paulson tells clients he won't be investing any more of his money into his gold fund, reports Bloomberg. His firm will maintain the fund's exposure to gold stocks and let any options relating the metal expire, according one who attended the firm's annual meeting yesterday.
    • The PFR Gold Fund - stocked mostly with Paulson's own cash - is off 63% YTD, and has just $370M in AUM. It brings to mind the old trader line: How do you make a small fortune in commodities? Start with a big fortune.
    • Gold ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, DGZ, AGOL, GLDI, DGLD, FSG, TBAR, UBG
    • Gold miner ETFs: GDX, GDXJ, NUGT, DUST, GLDX, GGGG, RING, PSAU, JNUG, JDST
    | Nov. 22, 2013, 7:39 AM | 29 Comments
  • Nov. 21, 2013, 11:51 AM
    • Gold's had a bad year, but the miners have fared far worse, notes FT's Lex, with a global index of producers nearly having in 2013. Guidance from the miners is full of talk of cost-cutting and curbing production - after 12 years of rising gold prices, is attention to costs such a bad thing?
    • Yes, the FOMC minutes make clear the taper is coming, but they also show a Fed determined to offset any jitters sparked by the end of asset purchases, i.e. extending guidance on ZIRP, or even negative rates on excess reserves.
    • In the meantime, gold miners' undervaluation to global equities is at its most extreme since 2000 according to East Spring Investments. Aussie miners, for example, are trading at 70% of book value even after big writedowns. Might a little prospecting be in order for those with faith in the Fed?
    • Gold's (GLD -0.3%) lower again today, now within eyesight of the late June multi-year low near $1,200 per ounce. The miners (GDX -1.9%) are down as well.
    • Gold ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, DGZ, AGOL, GLDI, DGLD, FSG, TBAR, UBG
    • Gold mining ETFs: GDX, GDXJ, NUGT, DUST, GLDX, GGGG, RING, PSAU, JNUG, JDST
    | Nov. 21, 2013, 11:51 AM | 12 Comments
  • Nov. 19, 2013, 3:19 PM
    • The U.K.'s Financial Conduct Authority has expanded its probe into rate-setting to include a review of how gold benchmarks are set, reports Bloomberg. The review is preliminary, cautions a source, and hasn't yet risen to the level of a formal investigation.
    • Not known is which benchmark is under scrutiny, but the London gold fixing, which determines the spot price of gold, is set twice per day.
    • Gold ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, DGZ, AGOL, GLDI, DGLD, FSG, TBAR, UBG
    | Nov. 19, 2013, 3:19 PM | 30 Comments
  • Nov. 18, 2013, 2:10 PM
    • Set for liquidation on November 22:
    • FactorShares 2X: Oil Bull/S&P 500 Bear ETF (FOL), FactorShares 2X: S&P 500 Bull/T-Bond Bear ETF (FSE), FactorShares 2X: S&P 500 Bull/USD Bear ETF (FSU), FactorShares 2X: T-Bond Bull/S&P 500 Bear ETF (FSA), FactorShares 2X: Gold Bull/S&P 500 Bear ETF (FSG).
    • The strategies - serving up spread bets between the S&P 500 and oil, bonds, the dollar, and gold - won plaudits for their sophistication, but failed to attract much in the way of assets.
    | Nov. 18, 2013, 2:10 PM | 1 Comment
  • Nov. 15, 2013, 8:43 AM
    | Nov. 15, 2013, 8:43 AM | 9 Comments
  • Nov. 14, 2013, 11:18 AM
    • "Do you follow gold prices," asks Nevada's Dean Heller. "To an extent," replies Janet Yellen (note to Yellen: They're ahead 1.6% to $1,290 this morning).
    • Giving a little more to the goldbugs than Bernanke ever did, Yellen does say gold can be used as a haven against risk, but "There isn't any economic model of what makes gold prices go up and down."
    • Hard-money maven Axel Merk: "Yellen may not understand gold, but gold understands Yellen. Gold up today."
    • Gold ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, DGZ, AGOL, GLDI, DGLD, FSG, TBAR, UBG
    • Previous hearing coverage
    | Nov. 14, 2013, 11:18 AM | 16 Comments
  • Nov. 12, 2013, 3:11 PM
    | Nov. 12, 2013, 3:11 PM | 17 Comments
  • Nov. 8, 2013, 8:57 AM
    | Nov. 8, 2013, 8:57 AM | 26 Comments
  • Nov. 7, 2013, 9:10 AM
    | Nov. 7, 2013, 9:10 AM | 15 Comments
  • Nov. 4, 2013, 10:17 AM
    • A falling (or suppressed as the bulls like to say) price brings up demand for gold, with sales of American Eagle gold coins by the U.S. Mint of 755K so far this year already surpassing the 753K for all of 2012.
    • The big action comes as the metal heads for its first annual price decline since 2000, and low inventory forced the mint has to suspend sales of coins weighing one-tenth of an ounce from April 23-May 28.
    • Starting 2012 at about $1,700 per ounce, gold today goes for $1,320.
    • Gold ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, DGZ, AGOL, GLDI, DGLD, FSG, TBAR, UBG.
    | Nov. 4, 2013, 10:17 AM | 14 Comments
  • Aug. 3, 2011, 11:17 AM
    There's an ETF for every moment and the current star is a FactorShares' double-levered long gold/short S&P 500 fund (FSG +2.8%). It's had a pretty fair recent run, +44% in the last 30 days.
    | Aug. 3, 2011, 11:17 AM | Comment!
  • Jun. 3, 2011, 8:55 AM
    Dennis Gartman trims his gold position by half "due to nervousness about recent declines and rumors of possible central-bank sales." Noting two recent bouts of "swift, violent selling," Gartman warns, "where there is rumored smoke, there can be actual fire."
    | Jun. 3, 2011, 8:55 AM | 10 Comments
  • Mar. 3, 2011, 5:39 AM
    Interactive Brokers (IBKR) surprised the investment world yesterday when it announced it was providing commission-free trading of the newly launched suite of FactoShares. The ETFs allow investors to access daily leveraged spread trades pairing the S&P 500 and common asset classes like T-Bonds (FSE) (FSA), the USD (FSU), Oil (FOL) and Gold (FSG).
    | Mar. 3, 2011, 5:39 AM | 1 Comment
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FSG Description
FactorShares 2X: Gold Bull/S&P500 Bear (FSG) is a leveraged spread ETF designed for investors who believe gold will increase in value relative to large-cap U.S. equities in one day or less.  FSG seeks to track approximately +200% of the daily return of the S&P Gold - Equity Spread Total Return Index (before fees and expenses) by primarily establishing a leveraged long position in Gold Futures and a leveraged short position in the E-mini S&P 500 Stock Price Index™ Futures.
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