Opinions John Hood
HBP Global Gold Bear+ E.T.F.HGD.TOCOMMENTAug 04, 2016
John HoodUnknown
$6.61
Stock price when the opinion was issued
$26.32
As of Jan 17, 2025. Market Open.
E.T.F.'s
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You have to be relatively short term focused. Thinks gold has more upside in the long term but next year it will have a tough time. On the down side, if we stay below $1200, a lot of gold production gets shut in. Thinks there is a floor between $1100 and $1200. We need inflation to be the next catalyst to get gold going. It’s range bound next year and he doesn’t think you should be aggressively trading it.
E.T.F.'s
DON'T BUY
Pair trade of Global Gold Bear+ ETF and Global Gold Bull+ ETF? These are double ETFs so that if gold moves $1 you will see a $2 move. He does not like using double or triple ETFs. Very simple arithmetic will show that the price of the commodity can stay flat but, as a result of how they run these ETFs, you lose money over time even though the commodity space flat.
E.T.F.'s
Where you talk about a bear or bull ETF that is levered, they have no future. You are supposed to trade them on a day to day basis or possible a weekly basis. They are guaranteed to lose over the long term because of the way the gains are translated over night. These are a very short term tactic.