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

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Chinese Physical Gold Deliveries Match World Gold Production
Willem Middelkoop • Mon, Jun 17 • 13 Comments
Peter Schiff Has It Totally Backwards - Gold Is Not Going 'To The Moon'
Robert Wagner • Thu, Jun 13 • 472 Comments
Gold And Silver Outlook: Will Precious Metals Recover?
Lior Cohen • Tue, Jun 4 • 5 Comments
Dr. Doom Has Gold Going Below $1,000: Why His Thesis Is Spot On
Robert Wagner • Tue, Jun 4 • 315 Comments
Are Gold ETFs Now Being Seen In A New Light?
Peter F. Way • Tue, Jun 4 • 19 Comments
Gold - Sentiment Suggesting A Bottom Approaching
Avi Gilburt • Sun, Jun 2 • 13 Comments
How To Beat Leveraged ETF Decay
Jari Ulmer • Thu, May 23 • 17 Comments
Gold Liquidation Now Accelerating
Robert Wagner • Wed, May 22 • 96 Comments
Gold Bears Emerging From Hibernation
Robert Wagner • Mon, May 20 • 17 Comments
Gold And Gold Stocks: Positioning And Sentiment
Pater Tenebrarum • Mon, May 20
Gold: A Little Lower, And Then A Rally
Avi Gilburt • Sun, May 19 • 55 Comments
The Sell-Off In Gold Has Become Plain Silly
Dave Kranzler • Fri, May 17 • 110 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 • 39 Comments
Eric Sprott's Gold Analysis Deconstructed: What The Gold Bulls Still Don't Get
Mike Williams • Thu, May 2 • 219 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

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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| M&A
| On the move

Tuesday, June 18, 4:18 PM If you want a bullish take on gold (GLD), Ron Paul has one for you. Asked why the yellow metal hasn't performed very well of late, he says "markets do these kind of things … they go up and then they take a rest," but "if you look at the record since the Fed has been in existence, we have about a two cent dollar" and based on "about six thousand years of history" the prognosis for commodity money is pretty good. "As long as we have excessive computerized money … we're going to see gold go up." How far, you ask? "If we're not careful, to infinity," Paul warns. 25 Comments [Commodities]
Tuesday, June 18, 7:07 AM Gold (GLD, IAU) bulls may take comfort as Dennis Gartman jumps on the bearish bandwagon, calling the metal an "aging athlete" and "a broken commodity." The man who loved "stuff that hurts when you drop it on your foot" 2 years ago says the price is headed to $1K if $1.2K support is broken. HSBC's James Steel disagrees, seeing strong physical demand lifting the price to $1.6K in H2 and $2K in the longer term. 9 Comments [Commodities]
Tuesday, June 11, 8:51 AM Outflows continue from the SPDR Gold Shares ETF (GLD), with investors yanking about $250M out during the week ended June 3. The fund has $45B AUM now compared to $72B at the year's start. In China, regulators have approved the launch of its first gold bullion ETFs. Physical gold demand in Asia is booming this year even as investor demand evaporates. The yellow metal's off 1.1% to $1,371/ounce. 20 Comments [Commodities]
Friday, June 7, 12:18 PM The kind of thing that never occurs at tops: Not pleased the poor performance of his gold fund (-47% YTD) is detracting from the good work at his other products, John Paulson will be mailing the gold fund's monthly figures separately and holding separate monthly conference calls. His firm will also stop broadly reporting the performance of the gold share class in its various funds (investors are allowed to own their stakes with gold instead of dollars). GLD -2.1%, SLV -3.8%. 12 Comments [Commodities, On the Move]
Thursday, June 6, 3:03 PM A gold (GLD) investment not losing any ground since February is the RBS Gold Trendpilot ETN (TBAR) - which tracks the price of the metal until it deems a downtrend has begun, at which point it shifts to 90-day T-bills. Of course once gold gets its mojo back, TBAR will miss some of the upside, but it will have done its job at avoiding a big loss. Comment! [Commodities, Quick Ideas]
Thursday, June 6, 9:35 AM An interesting note on gold (GLD) from JPMorgan notes the curious disconnect between the futures and physical markets - where the price is at a record premia to spot in China and India, and the U.S. mint can't keep up with demand. In good news for miners (GDX) trying to control costs, reports from Australia speak of mining equipment makers offering discounts and lead times for trucks falling from 2 years to 2 weeks. 10 Comments [Commodities]
Tuesday, June 4, 1:01 PM Gold's (GLD -1.1%) back under $1,400 as the Reserve Bank of India clamps down further on speculative purchases by restricting import of the metal under a deferred payment plan. The restriction had previously only been applied to banks. The country likes gold, but produces very little, making it an important importer. 8 Comments [Commodities]
Saturday, June 1, 5:59 PM Gold will continue to trend toward $1,000 by 2015, Nouriel Roubini predicts. Key reasons: Credit crisis risks have subsided; inflation is under control despite QE; investors crave income-generating assets; the "return to the gold standard" argument is dead. (ETFs: GLD, IAU, DGP, SGOL, UGL, PHYS, AGOL, DGL, UBG, DZZ, GLL, DGZ, UGLD, DGLD, DBP, GLDI) 59 Comments [Commodities]
Friday, May 31, 7:59 AM Jim Rogers hasn't sold any of his gold (GLD, IAU), calling the metal's correction "overdue" and "encouraging" given its big 12-year run higher. "Until it scares a lot of people, the correction is not over." On the exit plan from QE: "Mr. Bernanke's exit plan apparently is that he is going to leave his job. He doesn't want to stick around for the hangover." 4 Comments [Commodities]
Wednesday, May 29, 8:09 AM Equity skittishness amid the bond rout has put a bid back into gold, the metal gaining 1% and nearing $1,400/ounce again. In the meantime, Asian demand from April to June will hit a quarterly record and take up the slack from ETF sales, according to the World Gold Council. Indian gold imports are expected at 350-400 tons, up 200% Y/Y. GLD +0.8% premarket. 4 Comments [Commodities]
Tuesday, May 28, 11:33 AM Central bank buying of gold (GLD, IAU) is but "a drop in the ocean" of investor sales of gold ETFs, says Commerzbank. The team says banks bought about 30 tons in April vs. 117 tons pulled out of ETFs thus far in May, and 290 tons in Q2. On a more bullish note, this chart shows gold's current move bears close resemblance to the1976 bear market that set the stage for explosive gains later that decade. 7 Comments [Commodities]
Tuesday, May 28, 6:58 AM JPMorgan's commodities team slashes its price forecasts for most metals, lowering the 2013 estimate for gold to $1,595 from $1,745. The 2015 estimate is cut 5% to $1,650. Silver's 2013 outlook is cut to $27.89 from $30.01. Copper (JJC) to $3.50 to $3.64. GLD -0.1%, SLV -0.3% premarket. 7 Comments [Commodities]
Friday, May 24, 9:06 AM After spending years and billions eliminating their hedge books, gold producers (GDX) may need to return to their old habit - selling production forward - thanks to the metal's (GLD) sharp decline. "We think producers are under pressure to put on hedging," says SocGen's Robin Bhar. "The problem is it needs a cultural change ... Guys who used to hedge have lost their jobs." Renewed producer selling could put even more pressure on prices. 10 Comments [Commodities]
Thursday, May 23, 11:55 AM "The Real Bubble is Gold: and It's Deflating," writes MKM's Mike Darda, who says the key turning point was the metal's (GLD. IAU) failure to rally in wake of last fall's QE∞ inception. "Investors simply took it at face value that gold was soaring and would continue to rise because of (the Fed)." Inflation picking up will be even worse for gold, he says, as this would make the Fed an aggressive tightener of policy. 23 Comments [Commodities]
Wednesday, May 22, 2:17 PM Up as high as $1,413 following Bernanke's (at the time) perceived dovish testimony this morning, gold (GLD -0.9%) reverses along with stocks. Markets make opinions, and now the focus on Bernanke is he's prepping the markets for tapering. The just-released FOMC minutes push down gold even further, now at $1,357/oz. 9 Comments [Commodities, On the Move]
Wednesday, May 22, 9:16 AM Outflows from gold ETPs of 10.27 metric tons YTD have surpassed the combined inflows of the previous 2 years, according to Bloomberg. One portfolio manager notes the outflows about equal the amount mined, meaning new supply has doubled this year. "The market has a lot of metal to absorb." GLD +1.3% premarket. 17 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