Deutsche Bank AG London DB Gold Double Long Exchange Traded Note (DGP)
ARCA ARCA Primary Summary
DGP Chart
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).
Gold Is Hitting New Highs: One 2x ETF Is Doubling Every Move
Gold has been one of the strongest assets over the past year, and the DB Gold Double Long ETN is built to capture every bit of that move at twice the speed.
DGP: Overextended Leveraged Gold Fund
The DB Gold Double Long ETN is up over +100% year-to-date, benefiting from the parabolic rally in gold prices. However, the asset is now considered severely overbought. DGP is an Exchange-Traded Note, a debt obligation issued by Deutsche Bank, not an ETF. Investors face counterparty risk (Deutsche Bank's credit/default risk) until the ETN's maturity. DGP's 2x daily leverage reset means that in a choppy or volatile market (like the one anticipated), the effect of compounding will work against the fund, leading to "volatility decay".
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 | $2.37M | $1.59M | 202.51% |
 Carmen McClennon WR Wealth Planners, LLC | 200 | $9,920 | $26,348 | $16,428 | 165.6% |
Deutsche Bank AG London DB Gold Double Long Exchange Traded Note (DGP) FAQ
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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.
