These were last week’s top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly. Always do your homework.
1. GDXU – MicroSectors Gold Miners 3X Leveraged ETN
GDXU is a leveraged equity fund that provides 3x exposure to an index comprised of two of the largest gold miners’ ETFs, viz VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ), that invest in the global gold mining industry. GDXU returned over ~21% last week amid Fed rate cut buzz and positive US jobs data. Moreover, mining stocks can magnify price movements of the yellow metal for gold investors.
2.AGQ – Proshares Ultra Silver
AGQ ETF which offers 2x daily long leverage to the Silver bullion returned more than 20% last week. The silver ETF gained, defying a strong US dollar after positive US jobs data fueled speculation of an interest…
