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ProShares Ultra Gold UGL

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Gold SubindexSM. The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts and forward contracts) based on the benchmark. The types and mix of Financial Instruments in which the fund invest may vary daily at the discretion of the Sponsor. It will not invest directly in any commodity.


ARCA:UGL - Post by User

Bullboard Posts
Comment by Stocksnchartson Jan 02, 2012 2:23pm
253 Views
Post# 19364133

RE: Gold - Ready to Skyrocket

RE: Gold - Ready to Skyrocket

UGL did come down again and provided another opportunity as expected.  Likely it has bottomed, and is ready to skyrocket up to the next target at $2,050 Gold. 

Gold hit a major trendline last week going back to 2009.  Interestingly, the timing at the bottom lines up exactly with the triangle apex. 

https://cyclicalmarketanalysis.blogspot.com/

Bullboard Posts