Is UGL a buy? - Seeking Alpha

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HEADLINES:

Gold: A Little Lower, And Then A Rally
Avi Gilburt • Sun, May 19 • 37 Comments
The Sell-Off In Gold Has Become Plain Silly
Dave Kranzler • Fri, May 17 • 91 Comments
Gold: New York Passé, China The Price-Setter
Patrick MontesDeOca • Tue, May 14 • 1 Comment
It's Still Fool's Gold For A While Yet
Sy Harding • Sun, May 12 • 28 Comments
Gold: Watch Out For Bull Trap Set Up
Avi Gilburt • Sun, May 12 • 10 Comments
Gresham's Law Proves Gold And Silver Are Remarkably Undervalued
Dave Kranzler • Thu, May 2 • 36 Comments
Eric Sprott's Gold Analysis Deconstructed: What The Gold Bulls Still Don't Get
Mike Williams • Thu, May 2 • 218 Comments
Physical Gold Demand Continues To Pick Up
Jeff Clark • Tue, Apr 30 • 17 Comments
Currencies, Precious Metals And A Dark Future: Sprott's Rick Rule Weighs In
Patrick MontesDeOca • Sun, Apr 28 • 2 Comments
Gold's Nice Bounce Won't Last
Avi Gilburt • Sun, Apr 28 • 62 Comments
The 12 Biggest Mistakes The Media Make When Covering Gold Markets
Navellier & Associates • Fri, Apr 26 • 29 Comments
An Infestation Of Gold Bugs
Doug Short • Thu, Apr 25 • 38 Comments
Gold Outlook - What To Expect
Alpha Hunter • Tue, Apr 23 • 3 Comments
How Quantitative Easing Leads To Cheaper Gold
Richard Tarjeft • Mon, Apr 22 • 39 Comments
The Fed Didn't Cause The Gold Bubble - Or Any Other Bubble
Robert Wagner • Mon, Apr 22 • 66 Comments
Is There A Silver Lining To The Gold Price Plunge?
AllianceBernstein • Sun, Apr 21 • 8 Comments
What Determines Gold's Price?
StockRiters • Fri, Apr 19 • 12 Comments
Chart Of The Day: Despite Drop, 'Real' Gold Price Remains Historically High
Cullen Roche • Fri, Apr 19 • 16 Comments
Gold's Biggest Downfall Since The 1980s: Investors, Don't Panic!
Stephan Dube • Wed, Apr 17 • 11 Comments
What China Should Do About The Gold Crash
James A. Kostohryz • Tue, Apr 16 • 98 Comments

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Gold Down A Quick 5%
Bespoke Investment Group • Wed, Aug 24, 2011 • 51 Comments

Gold: A Little Lower, And Then A Rally
Avi Gilburt • Sun, May 19 • 37 Comments
The Sell-Off In Gold Has Become Plain Silly
Dave Kranzler • Fri, May 17 • 91 Comments
Gold: New York Passé, China The Price-Setter
Patrick MontesDeOca • Tue, May 14 • 1 Comment
It's Still Fool's Gold For A While Yet
Sy Harding • Sun, May 12 • 28 Comments
Gold: Watch Out For Bull Trap Set Up
Avi Gilburt • Sun, May 12 • 10 Comments
Gresham's Law Proves Gold And Silver Are Remarkably Undervalued
Dave Kranzler • Thu, May 2 • 36 Comments
Eric Sprott's Gold Analysis Deconstructed: What The Gold Bulls Still Don't Get
Mike Williams • Thu, May 2 • 218 Comments
Physical Gold Demand Continues To Pick Up
Jeff Clark • Tue, Apr 30 • 17 Comments
Currencies, Precious Metals And A Dark Future: Sprott's Rick Rule Weighs In
Patrick MontesDeOca • Sun, Apr 28 • 2 Comments
Gold's Nice Bounce Won't Last
Avi Gilburt • Sun, Apr 28 • 62 Comments
The 12 Biggest Mistakes The Media Make When Covering Gold Markets
Navellier & Associates • Fri, Apr 26 • 29 Comments
An Infestation Of Gold Bugs
Doug Short • Thu, Apr 25 • 38 Comments
Gold Outlook - What To Expect
Alpha Hunter • Tue, Apr 23 • 3 Comments
How Quantitative Easing Leads To Cheaper Gold
Richard Tarjeft • Mon, Apr 22 • 39 Comments
The Fed Didn't Cause The Gold Bubble - Or Any Other Bubble
Robert Wagner • Mon, Apr 22 • 66 Comments
Is There A Silver Lining To The Gold Price Plunge?
AllianceBernstein • Sun, Apr 21 • 8 Comments
What Determines Gold's Price?
StockRiters • Fri, Apr 19 • 12 Comments
Chart Of The Day: Despite Drop, 'Real' Gold Price Remains Historically High
Cullen Roche • Fri, Apr 19 • 16 Comments
Gold's Biggest Downfall Since The 1980s: Investors, Don't Panic!
Stephan Dube • Wed, Apr 17 • 11 Comments
What China Should Do About The Gold Crash
James A. Kostohryz • Tue, Apr 16 • 98 Comments

There are no Transcripts on UGL.

Your First Move for Thursday, Sept. 6

at CNBC.com (Sep 5, 2012)
Peter Brimelow: Stocks hmmm — gold maybe?

at MarketWatch.com (Feb 6, 2012)
10 High-Powered ETFs That Nobody Wants

at CNBC.com (Aug 24, 2011)
Halftime: Is Gold In a Bubble That's About to Burst?

at CNBC.com (Aug 17, 2011)
ETF Entrance Into Gold Rush Proves Rewarding But Volatile

at CNBC.com (Aug 9, 2011)
The golden slope of hope

at MarketWatch.com (Jul 25, 2011)
Expect Bullish Trend to ContinueBuy Metals: Strategist

at CNBC.com (Apr 26, 2011)
Asia Stocks to Watch: Australian earnings to have both good and bad

at MarketWatch.com (Feb 3, 2011)
Gold vs Silver

at MarketWatch.com (Dec 12, 2010)
Gold: Speculation or second currency?

at MarketWatch.com (Nov 12, 2010)
How to profit as the clouds lift

at MarketWatch.com (Aug 2, 2010)
Gold coins face IRS scrutiny

at MarketWatch.com (Jul 21, 2010)
Gold now hits a rough patch

at MarketWatch.com (Jul 19, 2010)
Gold hits a rough patch

at MarketWatch.com (Jul 19, 2010)
Gold hits the doldrums

at MarketWatch.com (Jul 16, 2010)
ETF Investing: Gold ETF hits record as metal's price climbs

at MarketWatch.com (May 16, 2010)
Got GLD?

at MarketWatch.com (May 12, 2010)
How to profit from May's market fall

at MarketWatch.com (May 3, 2010)

UGL vs. ETF Alternatives

UGL Description

ProShares Ultra Gold seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London.
See more details on sponsor's website

Key Info

In Your Portfolio: A Guide to Commodity ETFs and ETNs
Asset Class Performance: Commodities

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| Earnings
| Dividends
| M&A
| On the move

Friday, May 17, 3:55 PM The bear market in gold (GLD, IAU) has left three closed-end funds trading at abnormally large discounts to NAV, says Morningstar's Cara Esser: GTU, CEF, and PHYS. Likewise, a small selloff in municipal (MUB) paper has left these muni CEFs at attractive values: NXR, MYD, NXP. 2 Comments [Quick Ideas]
Friday, May 17, 11:57 AM "Do you really think risk-averse central bankers are going to try and catch the knife," asks Credit Suisse commodity research chief Ric Deverell about gold. "No" is his answer as this crowd only buys when the price is headed higher. Of reports of heavy physical buying, he's unimpressed, noting investment demand (ETFs) is the gorilla in the gold market. The metal's (GLD -1.6%) within a few dollars of taking out the 26-month low hit in April. 17 Comments [Commodities]
Thursday, May 16, 7:18 AM Precious metals continue to tumble, with gold at $1,374 nearing the panicky lows (about $1,350) seen during April's liquidation. Any excuse will do in a bear market, and filings released yesterday containing data anywhere from 6 weeks to 5 months old showed continuing sales of gold ETPs by names such as Soros and BlackRock. GLD -1.3%, SLV -1.3% premarket. 9 Comments [Commodities, On the Move]
Wednesday, May 15, 11:16 AM Gold (GLD -2.1%), (IAU -2.2%) sinks back below $1,400 as the bounce since mid-April is officially over. At work here, suggests RBC Capital, is the strong stock market. To participate, foreign investors sell gold, buy dollars (UUP is up big in May), and call their stockbrokers. Commerzbank notes gold ETF outflows were another 6 tons yesterday, bringing the total since early April to 230 tons. Silver (SLV -3.1%) tags along. 34 Comments [Commodities, On the Move]
Sunday, May 12, 5:21 PM Money managers yanked $1.27B out of gold and precious metals last week, bringing the year-to-date drawdown to $20.8B. The largest gold ETF (GLD) is down 13.8% YTD. It largest shareholder, John Paulson, remains bullish on gold; his Gold Fund is down almost 50% this year. (Gold ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI) 7 Comments [Commodities]
Friday, May 10, 7:33 AM The stronger dollar has precious metals resuming their decline in force (or is the decline in precious metals strengthening the dollar), with gold (GLD) off 2.3% and silver (SLV) off 2.2%. Crude oil (USO) pulls back a bit from its recent big rally, -0.9% to $95.53. 106 Comments [Commodities, On the Move]
Tuesday, May 7, 11:39 AM The bounce in precious metals takes a breather, with gold (GLD) off 1.6% and silver (SLV) off 1.2%. It's more tough news for John Paulson after his gold fund reportedly lost 27% in April, bringing the YTD loss to about 47%. Add David Einhorn to those taking a hit: "We were somewhat surprised by the swift decline," he said on the GLRE earnings call (transcript), especially given the BOJ's joining in "the global monetary printing race." Einhorn sees nothing to change his long-term bullish stance. 9 Comments [Commodities, Financials]
Friday, May 3, 9:56 AM Gold's (GLD) "short-term" tape is damaged, says Ned Davis Research, but the bullish long-term charts and the macro backdrop remain in place. Behind the recent pain is an upturn in real interest rates since the August 2011 gold peak, driven most recently by a "cliff-dive" in inflation expectations. 2 Comments [Commodities]
Tuesday, April 30, 11:01 AM Australia's Perth Mint - which refines nearly all of that nation's gold bullion - has its factory working weekends to keep up with demand. "We haven't seen levels like this since (2008)," says sales chief Ron Currie. "We're being inundated with people buying products," he continues, noting U.S. orders are particularly heavy. GLD -0.25%. 11 Comments [Commodities]
Monday, April 29, 3:33 PM Outflows from gold ETPs have hit a record 159 metric tons so far this month, bringing YTD outflows to 319mt or 12% of holdings at the year's start. As comparison, gold inflows for all of 2012 were 279mt. The largest of gold ETFs, State Street's (STT) SPDR Gold Trust (GLD) has seen outflows of 11% this month to 1,083mt. 21 Comments [Commodities]
Monday, April 29, 11:52 AM Gold's next big move is down, say some technicians, with the current bounce from the mighty selloff 2 weeks ago a low-volume affair that - if anything - reinforces the negative bias, according to Merrill's MacNeil Curry. "There a tremendous amount of overhead supply from the mid-to-low $1,500s," says Larry Berman, expecting a tight range for now, but eventually a price below $1,300. GLD +1.1%. 11 Comments [Commodities]
Monday, April 29, 7:31 AM Precious metals continue their comeback tour, with the dollar (UUP) being lower across the board as good an excuse as any for buying this morning. GLD +1.1%, SLV +1.5% premarket. The greenback is particularly weak vs. the aussie (FXA), +0.6%. Comment! [Commodities, On the Move]
Thursday, April 25, 3:39 PM Gold (GLD) futures jumped nearly $40/oz. to log their biggest one-day gain of the year, supported by physical demand, prospects for easier global monetary policies and a weaker U.S. dollar. Today's rally brings gold's recovery to ~50% of losses from the selloff that began ~$1,560. Silver (SLV) enjoyed an even bigger bounce, rising 5.7%, but it needs a lot of catching up to approach historical gold/silver ratios. 12 Comments [Commodities, Global & FX]
Thursday, April 25, 11:50 AM The UT endowment unloaded $375M of its $1.4B in physical gold (PHYS) in the quarter ended Feb. 28, reinvesting the proceeds in gold futures ($75M) and developed market equities ($300M). CEO Bruce Zimmerman - noting little's changed in the bullish thesis - says the fund's gold exposure remains the same due to the leverage involved with gold futures. 3 Comments [Commodities]
Thursday, April 25, 10:44 AM Gold's reaction to Tuesday's fake AP tweet illustrates a "new reality" for the metal says Deutsche's Jens Johansen, who notes the price reacted last (vs. stocks and currencies) and barely budged. His team feels this lends support to their bearish thesis for gold and an expectation it's headed to $1,300 before stabilizing. GLD +1.7%. 10 Comments [Commodities]
Thursday, April 25, 7:46 AM Central banks look to have top-ticked gold (GLD), buying their largest amount of the metal since 1964 in 2012, according to the World Gold Council. Many of the buyers are the same ones who sold during the nineties at less than $400/oz. Are they continued buyers on the dip this year? 6 Comments [Commodities]

ltfinger
New Downgrades (4/2/13): $SGOL, $SLW, $SPXL, $STNR, $TKR, $TNA, $TOL, $TREX, $TSO, $UAL, $UGL, $UNXL, $WDFC, $WGO, $XOP
Apr 3, 1:16 AM
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x oil -field
Got $GOLD (As In $GLD)? Feb. 15, by: Brad Zigler $CS $GLD $GLDI $GLL $IAU $PHYS $SGOL $UBG $UGL $UGLD http://seekingalpha.com/a/pfvz
Feb 15, 11:05 AM
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x oil -field: ''If'' you fear your own shadow, or the you know.. ''the boogie-men'' in the $WH you can always buy $UVXY $TVIX at a new new lower price.
Feb 15, 3:04 PM
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x oil -field: Little girl talking trash about boogie man,''she has no fear'' http://bit.ly/XkGdGT // http://bit.ly/YGHwXa
Feb 15, 3:04 PM
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pqmaxon
short stop for UGL
11/12/12
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The_American
Traders More Bullish on GLD IAU UGLD UGL - Bloomberg this morning Keep : on GDX GDXJ NUGT PLTM SLV most undervalued SIL SLVP SIVR PHYS SIVR
10/5/12
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vinyal
Looks like everyone loves gold now. Selling half of my UGL
9/21/12
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Welt
Will gold try and reach the 1700 benchmark this week? Only time will tell...GLD IAU UGL DGP
8/28/12
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Welt: GLD looking for a close above 162 and consolidation above that range tomorrow. Hasn't closed at that level since April 12
8/28/12
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Welt: My hopes are not very high for tomorrow. Have stops set in case gold falls below 1650. Good luck to all who own GLD IAU UGL DGP etc.
8/30/12
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vinyal
Gold/Silver. Thanx BERNANKE!!! long UGL AGQ
8/23/12
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The_American
GLD GLDX GDXJ GLTR SLW SLV all making moves with China reporting their own UGL and AGQ ETFs which most likely will be PHYS backed SLW NUGT
8/22/12
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The_American
GDX GDXJ GLDX GLTR SLV GLD UGL DBS move higher on China having PHYS UGLD USLV backed ETFs trading on FXI Shanghai and Shenzen Market NUGT HL
8/22/12
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Hillbilly Stock Star: Gold is a Central Bank Ponzi scheme, imo. Just schocking the monkey!
8/22/12
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The_American: It truly is ECB The Fed Central Banks QE 16 LTRO BAC WFC JPM USB DB CS BCS LYG swapping paper like they swap spit and has created nothing.
8/27/12
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vinyal
Going for Gold UGL... initiated a long
8/3/12
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LATEST REPLIES

x oil -field
Got $GOLD (As In $GLD)? Feb. 15, by: Brad Zigler $CS $GLD $GLDI $GLL $IAU $PHYS $SGOL $UBG $UGL $UGLD http://seekingalpha.com/a/pfvz
Feb 15, 11:05 AM
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x oil -field: ''If'' you fear your own shadow, or the you know.. ''the boogie-men'' in the $WH you can always buy $UVXY $TVIX at a new new lower price.
Feb 15, 3:04 PM
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x oil -field: Little girl talking trash about boogie man,''she has no fear'' http://bit.ly/XkGdGT // http://bit.ly/YGHwXa
Feb 15, 3:04 PM
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Welt
Will gold try and reach the 1700 benchmark this week? Only time will tell...GLD IAU UGL DGP
8/28/12
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Welt: GLD looking for a close above 162 and consolidation above that range tomorrow. Hasn't closed at that level since April 12
8/28/12
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Welt: My hopes are not very high for tomorrow. Have stops set in case gold falls below 1650. Good luck to all who own GLD IAU UGL DGP etc.
8/30/12
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The_American
GDX GDXJ GLDX GLTR SLV GLD UGL DBS move higher on China having PHYS UGLD USLV backed ETFs trading on FXI Shanghai and Shenzen Market NUGT HL
8/22/12
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Hillbilly Stock Star: Gold is a Central Bank Ponzi scheme, imo. Just schocking the monkey!
8/22/12
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The_American: It truly is ECB The Fed Central Banks QE 16 LTRO BAC WFC JPM USB DB CS BCS LYG swapping paper like they swap spit and has created nothing.
8/27/12
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vinyal
Gartman is "long of gold in manure terms" time to sell my UGL long. Gartman and Kass the biggest contrarian dinosaurs that roamed earth
5/22/12
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vinyal: But he own the "famous gartman letter"
5/22/12
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John R. Conway: you can get my letter for free right here on Seeking Alpha!
5/23/12
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The_American
XRA up almost 10% today. Got into NUGT pre-market this morning at 7.92 and opened @ 8.30 up almost 14% GLD SLV UGL UGLD USLV PHYS SIVR PSLV
5/17/12
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iadops40: PBR is less attractive after what happened to YPF,spooked investors...be very careful w/ foreign ADR's due govt. takeover/tarifs/taxes
5/20/12
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The_American: Can't say I told you so PBR is a screamer. I use to get paid for telling people what to buy. Overdue for a DIA QQQ SPY rally. NUGT HL JAG TC
5/22/12
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vinyal
My scottrade website is almost crashing. wonder if it is FB ipo related. Starter position in UGL. dipping my tippy toes in
5/18/12
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westcoastinvests: TD Ameritrade, they are far superior to Scottrade. I have used both I promise you will not be disappointed if you make the switch.
5/18/12
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slimmbrimm: West, thanks for info, something I will be def looking into
5/18/12
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Husky Financial
There is a noted disconnect between Spot price of Gold futures (-2.92%) and the paper ETFs: GLD -1.21% and UGL (2x levered) -2.76%
3/14/12
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Husky Financial: thanks for clarification OM
3/14/12
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Husky Financial: EURUSD now down 50 bps
3/14/12
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vinyal
Adding to UGL FCX
1/25/12
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johnybutts: I just bought CDY @ 1.36
1/25/12
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johnybutts: PPP, GPL, SLW, AUQ, PAAS, ALXDF.PK, and now CDY
1/25/12
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Youngone91
took profits on NUGT and GMO today. still holding O, FRT, HAL, POT, TIF, TBT, UGL
12/20/11
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nasalpancho: I sold NUGT today at 21.20 and hopped in tvix and srty --probably a couple days early but i have a feeling in two weeks it wont matter
12/20/11
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vinyal
taking partial profits in FAS and UGL. not sure how far this short squeeze can go.
12/14/11
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vinyal: now if only POT could deliver
12/14/11
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cheme: I think banksters take us to SPX ~1235 by Friday close. IMHO.
12/14/11
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mun2000
bought 450 UGL i think they will continue printing big and with holiday gold will rally .Long term sure i will be ok
12/9/11
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mun2000: 95.66
12/9/11
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mun2000: 95.66
12/9/11
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vinyal
Looks like oil is ready to be taken to the woodshed. Watching closely to initiate a SCO long. My UGL buy from the other day looks rocky too
12/8/11
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vinyal: Started an SCO long here. not pressing yet. Trimmed my UGL
12/8/11
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vinyal
Getting back in UGL. even though GLD looks like dead money. Just in case the euro meeting gives it a pop
12/6/11
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vinyal: adding to UGL
12/6/11
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mun2000
more easing go UGL .Gold will rock secondary to big sales during christmas also because of devaluation of $ .Also China India buy gold
11/29/11
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Husky Financial: correlated but this does not men they always will. Plus we don't know his holding outlook.if they (ECB, FED) announce a print, its gonna run
11/29/11
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cheme: If a print is to save EU, then equities will outperform gold. I just don't like gold for either direction.
11/29/11
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vinyal
Still hoping for a 3day rally. will be hunting for some rental longs soon this euro trash news abates for a day or so. Long EPV, SCO UGL
11/22/11
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vinyal: No panic. Not oversold and the eurojokers watching to see if things will improve on their own. that does not spell good outcome to me
11/22/11
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vinyal: Nice bounce in AAPL. will AAPL save the day?
11/22/11
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UGL ProShares Ultra Gold ETF

UGL

ProShares Ultra Gold ETF