DZZ

DB Gold Double Short ETN
NYSEARCA

Real-time Quotes | Provided by Morningstar

2.770
+0.120
+4.53%
Closed 16:00 09/23 EDT
OPEN
2.700
PREV CLOSE
2.650
HIGH
2.780
LOW
2.690
VOLUME
45.97K
TURNOVER
--
52 WEEK HIGH
4.816
52 WEEK LOW
2.305
TOTAL ASSET
6.32M
YTD YIELD
-40.18%
1D
5D
1M
3M
1Y
5Y
News
Performance
Gold: Adjusting To A New Paradigm
With the government printing massive amounts of money, tensions between the US and China rising, Europe dealing with Brexit, the effects of the pandemic continuing to spread, and tensions with Iran rising, the fundamentals for gold still look fantastic.Massive unemployment, businesses closed or failed, and people leaving some of the big cities all point to a serious economic crisis and are bullish for gold.In March, the best thing the Fed did was to act right away with a stimulus package.We are dealing with a completely new set of markets in a new paradigm.
Seekingalpha · 1d ago
Remain Cautious Ahead Of The U.S. Elections: Stay Long USD, Gold And Global Mining
Uncertainty over the US elections remains elevated in the near term while the economy is running out of "stimulus".Closely contested elections have historically resulted in choppy markets in the final weeks of the year.Investors should hedge themselves by going long US dollar, gold and low-correlated sectors such as global mining stocks.
Seekingalpha · 2d ago
Gold Overboughtness Risk
The persistent overboughtness in gold remains a serious downside risk. After shooting parabolic into early August, the high consolidation since has yet to rebalance away excessive greed and extreme overboughtness.Yet that still has to happen before this gold bull’s next major upleg can start marching higher. After such a vertical upleg euphorically climaxing, a correction remains highly likely.Gold’s technicals are still very stretched heading into its biggest seasonal pullback of the year. Any material selling could easily force technical breakdowns, unleashing cascading gold-futures and gold-ETF-share selling.
Seekingalpha · 5d ago
Big Gold-ETF Buying Missing In Action
The big gold-ETF buying that catapulted gold higher into early August has gone missing in action since then. The major gold ETFs’ holdings have stalled out, explaining gold’s flagging momentum.With the global gold market increasingly dominated by GLD and IAU, gold can’t advance without American stock traders shifting big capital into gold through these conduits. Their buying has vanished.This gold bull’s precedent shows differential gold-ETF-share selling usually follows soon after big and fast holdings builds exhaust themselves.  Young momentum-chasing traders may still need to exit frenziedly-acquired gold-ETF positions.
Seekingalpha · 09/11 18:27
GLD: No Strong Driver For Growth
Nothing prevents gold from being influenced by its main fundamental factor - the US real rate.The growth in money supply in the US in recent months will not necessarily lead to much higher inflation if the velocity of money remains at the same low level.The period of low volatility and flat curve slope is coming to an end.
Seekingalpha · 09/11 17:44
Miners Remain Undervalued Despite Gold's Run
Gold had become overbought in the past month, trading well above trend, making it ripe for a correction. Once gold started to fall, momentum built as profit-taking set in and bullion exchange-traded products saw their first redemptions since June.Since gold broke out on June 20, 2019 into its current trend, the gold price has gained 45% and the NYSE Gold Miners Index 79%. However, this outperformance has not led to overvalued stocks.With higher gold prices, we will see lower-quality gold mines being built. These are deposits that were not economic at lower prices because they would have high operating costs and/or high capital costs due to low grades and/or mining challenges.
Seekingalpha · 09/09 11:44
Gold: The End Of An Era, And Price Manipulation
The market is experiencing tremendous demand. Gold has taken the limelight as fund managers and institutional investors are starting to invest in gold over concerns with the US dollar.The collapse of the market in March this year meant that the shorts suddenly could not cover and the physical market lacked the supply to cover all the shorts.The Fed has little room to manipulate interest rates and the gold market is beginning to realize that this is the end of the manipulation of gold.
Seekingalpha · 09/03 20:50
Silver Pops On Early September Deliveries, Gold Too
Silver open interest has largely shifted to December, but there is still some trading going on this month.Healthy delivery notices occurred on the first two intent days for September, meaning a large amount of physical silver will change hands.This has been bullish for the silver price, prompting a nice little silver price recovery.We will see how much paper trading occurs the rest of the month to help us determine overall price direction.
Seekingalpha · 09/02 19:01
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  • Performance
  • Asset Allocation
  • Dividend History
Period
Return
Rank in Cat
1-Month
4.2948%
--
3-Month
-21.8621%
--
6-Month
-35.2601%
--
1-Year
-40.1810%
--
3-Year
-21.3103%
--
5-Year
-20.3538%
--
10-Year
-13.2108%
--
Since Inception
-16.7409%
--
No Data
  • Dividends
  • Splits
  • Insider Activity
No Data
  • All
No Data
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Profile
Fund Name
DB Gold Double Short ETN
Risk
Low risk
Inception Date
2008-02-27
Benchmark
Bloomberg Precious Metals TR
Advisor Company
Deutsche Bank AG
Manager
Not Managed