----- Original Message -----
Sent: Wednesday, December 10, 2008 9:46 AM
Subject: FW: New Gold & Silver ETFs
These are brand
new. Just started trading this week. These are true ETF's (exchange
traded funds), so they are safer than the double gold & silver ETNs
(exchange traded notes) that came out earlier this year. (Note: An ETN is
a debt note contract where the issuer agrees to pay the holder per the terms of
the contract, so the term of the ETN note is that the issuer will pay the holder
2x the value of the underlying; whereas an ETF is an equity where you actually
own a share of the underlying asset)
| Ultra Gold |
|
UGL |
|
Gold Bullion price, London p.m. fix |
|
200% |
|
|
|
|
|
|
|
| UltraShort Gold |
|
GLL |
|
Gold Bullion price, London p.m. fix |
|
-200% |
|
|
|
|
|
|
|
| Ultra Silver |
|
AGQ |
|
Silver bullion price, London fix |
|
200% |
|
|
|
|
|
|
|
| UltraShort Silver |
|
ZSL |
|
Silver bullion price, London fix |
|
-200% |
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