Christian Magoon: Short gold ETF and ETN products allow investors to profit as gold and/or gold stocks decline. These products have gained between 79% and 5% in 2013 while gold prices are off around 6% and gold stocks have dropped more than 20% through the beginning of March.
Leading the short gold ETFs in performance with a 79.6% gain year to date is the Direxion Shares Exchange Traded Fund Trust ETF (NYSEARCA:DUST). Well behind DUST in second place is the VelocityShares 3X Inverse Gold ETN (NYSEARCA:DGLD) with ab 18.3% gain. Other ETFs and ETNs from DB and ProShares round out the group of 5 short products with positive returns. See the GoldETFs.biz performance chart below for complete performance data.
Short gold ETFs are having a successful start to 2013.
Christian Magoon is Publisher of GoldETFs.biz and IndiaETFs.com. He is also CEO of Magoon Capital, a strategic consultant firm to asset managers. Christian Magoon is an ETF insider, having launched over 40 ETFs in the United States to date. A widely recognized thought leader on finance and market issues, Christian regularly contributes to many financial media outlets. Prior to forming Magoon Capital in 2010, Christian was President of Claymore Securities (now Guggenheim Investments), where he built one of the fastest growing and most innovative ETF businesses in the country, gathering more than $3 billion in AUM in three years. He launched more than 40 ETFs, introducing many “firsts” to the U.S. market, including the first Frontier Markets, Sector Rotation, Solar Energy, Timber, BRIC and suite of China focused ETFs. Christian consistently provides his industry insights and knowledge as a commentator in the U.S. media speaking publicly on macro investment issues and ETF related topics. Follow him on Twitter @ChristianMagoon. In 2008, he was named by Institutional Investor News as one of the five people to watch in the U.S. ETF marketplace. In 2011,Financial Planning magazine dubbed Christian an “ETF Pioneer.”