Back In Cash – October 11, 2011

[nickola.pazderic]

Billy,

Great charts as always. Thanks.

Please everyone have a look at this: NUGT/DUST are (i.e., will soon be...) 3X leveraged ETFS. Oh Boy...

If this has been posted elsewhere, apologies.

Best,

[grems8544]

Please everyone have a look at this: NUGT/DUST are now 3X leveraged ETFS. Oh Boy...

Actually, not until December 1, 2011. They are +/- 2x for now.

Regards,

pgd

[Wei]

Wondering what's the implication of this change. Expect more volatility ahead? Attract more trading volumes?

Billy,

Great charts as always. Thanks.

Please everyone have a look at this: NUGT/DUST are (i.e., will soon be...) 3X leveraged ETFS. Oh Boy...

If this has been posted elsewhere, apologies.

Best,

[Billy]

Wondering what's the implication of this change. Expect more volatility ahead? Attract more trading volumes?

i believe that DUST and NUGT will remain as double leverage ETF's but new triple leveraged ETFs will be introduced in December.
There will be no direct implication for the volatility of GDX, just for traders' accounts! And beware the decay effect if you hold for too long.
Volume is really low on DUST and NUGT, I guess it wikk be even worse with the triple leverage.
Billy