MutualFundWire.com: Short Gold ETNs Shoot Up
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Monday, March 24, 2008

Short Gold ETNs Shoot Up


Anti-gold bugs should take a look at the new exchange traded notes that short the commodity. In Monday's WSJ FundTrack, John Spence reports that an ETN that shorts gold by doubling down on futures prices shot up 21 percent between Tuesday and Thursday of last week. Until last week gold had soared in value, selling for more than $1,000 a troy ounce.


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