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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (187772)1/5/2015 8:28:21 PM
From: Sailing2  Read Replies (1) | Respond to of 206085
 
The highest leverage I know of other than options is provided by the 3X levered ETN's like UWTI and UGAZ and the ETF HOU.TO. Definitely not for the faint of heart but they will provide tremendous returns if you can call the turn around accurately in oil and gas. They do not seem to suffer from the monthly declines that earlier ETF products suffered from, and therefore can be held for longer time frames. You can take a look at their one year chart to see the kind of leverage they would provide when things turn around, or look at the mirror image bear 3X ETF HOD.TO to see where a ton of money could have been made since October.



To: isopatch who wrote (187772)1/6/2015 11:11:16 AM
From: MIRU  Read Replies (1) | Respond to of 206085
 
ERX should be a good way to play for a rebound. If the long term trend line holds, we should be within a couple dollars of a bottom. Note that ERX is not at a new low here and neither is XLE, but WTI is, so showing some relative strength. (ERX is one of those much maligned leveraged ETFs that you can't trade at big full-service brokers, but Fidelity is OK with them) ERX is 3X the XLE.