Bullish Divergence On Monthly RSI 80% Upside PotentialThis is a Bearish ETF that goes up 2 times the amount gold goes down and im currently bearish on gold and believe this ETF will go up 80 percent as a result of gold's decline
Key stats
About ProShares UltraShort Gold
Home page
Inception date
Dec 1, 2008
Structure
Commodities Pool
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
GLL is a geared inverse product designed for short-term bets against the price of gold. The funds inverse exposure is benchmarked to the price performance of the Bloomberg Gold Subindex an index tracking a rolling futures position on gold based on Bloombergs fixed contract schedule. Investors should be aware that compounding can cause the fund's return to vary significantly from the headline -2x exposure if held longer than one day. To obtain the multiple over longer periods, investors must monitor and rebalance their position. Since the fund is designed for tactical use as opposed to long-term investment, the cost of accessing it is of more importance than the cost of holding it. As an ETF, GLL is structured as a commodities pool, so expect a K-1 at tax time.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
A 40%-60% Pump Looks Probable as we Move Above the 55 Week SMAThis looks like a Higher low double bottom that has been confirmed by a move above the moving average and
The Stochastic RSI is in the oversold range and looks ready to attempt a bullish crossing.
We will likely see a rally to the last major resistance zone around 50 dollars.
GLL Inverse Gold ETF -- Looking For Confluence on Gold With EWtest
ProShares UltraShort Gold seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Gold Subindex
GLL 3 hour brschultz model places Gold Price Peak Sept 2021JNUG looks to remain strong for next 24 months
GLL - Gold Shorts - brschultz weekly model places low Oct 2021Expect Gold to Soar into late Q3 2021 (would be almost precisely 10 years from 2011 peak).
2 years for Gold to run sky high (thus gold shorts would bottom in Oct 2021)
I will most likley sell my entire JNUG stake in Oct 2021 (from my big buy in late May 2019 when XAU was closing below 70)
GLL nearing long term support buy areaonce Geopolitical issues work there way out of investors thoughts
this should head up as gold tanks 50 to 100 dollars as money pours back in stocks
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.