Deutsche Bank AG London DB Gold Double Long Exchange Traded Note (DGP)
ARCA ARCA Primary Summary
DGP Chart
Gold Price Continues Fall As Expectations Of An Interest Rate Hike Grow
Gold had been on a significant upswing throughout August, ending what had been a mostly stagnant summer, before the price began declining late last week. Earlier this month, the Treasury Department announced it would ramp up buybacks of long-dated government debt, a move analysts said helped gold's price spike.
Gold Price Fall Deepens After Warsh Inflation Speech, Renewed Iran Tensions
The price of silver is also down slightly on Monday after falling further late last week. Silver futures are priced about $66 per ounce as of shortly after 10 a.m.
DGP vs. UGL: Which 2x Gold Play Costs You More Than the Leverage?
Investors looking for 2x daily exposure to gold typically land on two tickers: DB Gold Double Long ETN (NYSEARCA:DGP) and ProShares Ultra Gold (NYSEARCA:UGL).
Deutsche Bank AG London DB Gold Double Long Exchange Traded Note Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 NICOLE MARTIN Arlington Trust Co LLC | 18,000 | $783,885.6 | $2.55M | $1.76M | 224.81% |
 Carmen McClennon WR Wealth Planners, LLC | 200 | $9,920 | $27,924 | $18,004 | 181.49% |
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Deutsche Bank AG London DB Gold Double Long Exchange Traded Note Profile
| ARCA Exchange | US Country |
Overview
The index, defined by its focus on the realm of commodity investment, specifically zeroes in on the sphere of gold futures contracts. Predicated on the foundational approach of reflecting alterations in market value, the index targets a singular, yet pertinent, segment of the financial market. By concentrating purely on a single unfunded gold futures contract, it aims to provide investors with a direct conduit to the fluctuations inherent in the gold market. This focus not only enables a simplified engagement with the often-complex commodities market but also ensures a specific investment pathway into gold, a perennially sought-after asset for its hedging and investment value.
Products and Services
The specialized nature of the index is comprised of the following product:
- Unfunded Gold Futures Contract
This contract acts as the core product offered by the index. An unfunded gold futures contract refers to an agreement to buy or sell a specific amount of gold at a predetermined price at a specified future date, without the requirement for upfront payment or physical delivery until the contract expires. This financial instrument allows investors to speculate on the future price of gold, aiming to profit from the rises and falls in gold prices. The appeal of this product lies in its ability to offer leverage to investors, magnifying both potential gains and risks, and its use as a tool for hedging against currency devaluation or inflation. As a pivotal element of the index, it serves as a direct reflection of changes in the gold market, providing insights and investment opportunities in the dynamics of gold prices.
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