Jump to content



Photo

Gold and Silver Inverse Funds Closed


  • Please log in to reply
6 replies to this topic

#1 linrom1

linrom1

    Member

  • Traders-Talk User
  • 1,579 posts

Posted 07 July 2020 - 08:56 AM

DGLD and DSLV funds have been closed for trading. Big short is coming.



#2 Smithy

Smithy

    Member

  • Traders-Talk User
  • 1,329 posts

Posted 07 July 2020 - 09:21 AM

Here's a link; seems like it is driven by the owner, Credit Swiss, more than any flaw in the funds   :( 

 

 

https://www.etf.com/...july?nopaging=1



#3 stubaby

stubaby

    Member

  • Traders-Talk User
  • 1,605 posts

Posted 07 July 2020 - 09:40 AM

DGLD and DSLV funds have been closed for trading. Big short is coming.

as have UGLD and USLV - your conclusion makes no sense?



#4 tradesurfer

tradesurfer

    Member

  • Traders-Talk User
  • 2,608 posts

Posted 07 July 2020 - 10:19 AM

That sucks that they closed USLV.  I love USLV for trades.



#5 K Wave

K Wave

    Member

  • Traders-Talk User
  • 7,122 posts

Posted 07 July 2020 - 08:45 PM

That sucks that they closed USLV.  I love USLV for trades.

Still trading on the pinks if you really want it....

 

USLVF

 

Although not entirely sure for how long..



#6 CHAx

CHAx

    Member

  • Traders-Talk User
  • 1,282 posts

Posted 08 July 2020 - 07:20 AM

Not sure why you guys use triple leverage ETFs when a much better tool exists.  GC and SI, gold and silver futures have 24 hour trading and allow you to precisely choose your leverage (you can easily plan a trade with more/less/same leverage).  



#7 ryanoo

ryanoo

    Member

  • Traders-Talk User
  • 607 posts

Posted 08 July 2020 - 08:50 AM

i think ETN is inherently more risky than ETF because they are not backed by physical metal.

USLV and UGLD are ETN's without physical backing.

i think SLV and GLD ETF's have physical backing.