Posted by frtaylor on 14th of Sep 2010 at 08:16 am
Hi all,
I want to trade the GDX swing system in both directions in my
IRA, but of course can't go short in my IRA. Matt mentioned there
is a member that uses a mutual fund pair (bull/bear) to be in both
sides of the GDX swing trade in their IRA. If you know what these
two funds are, please share. I'd like to save Matt the trouble of
looking back through his inbox etc. to find the names. Thanks in
advance.
If you look at the following website:
http://www.sectorspdr.com/correlation/, you'll see that the
highest negative correlation with GDX is DGZ. It's not
perfect, but a pretty good proxy for shorting GDX.
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Alternate instrument for GDX short
Posted by frtaylor on 14th of Sep 2010 at 08:16 am
Hi all,
I want to trade the GDX swing system in both directions in my IRA, but of course can't go short in my IRA. Matt mentioned there is a member that uses a mutual fund pair (bull/bear) to be in both sides of the GDX swing trade in their IRA. If you know what these two funds are, please share. I'd like to save Matt the trouble of looking back through his inbox etc. to find the names. Thanks in advance.
DZZ
Posted by evne01 on 14th of Sep 2010 at 08:51 am
Also, you could use DZZ (2x short gold) - has a little higher daily volume
If you look at the
Posted by algyros on 14th of Sep 2010 at 08:31 am
If you look at the following website: http://www.sectorspdr.com/correlation/, you'll see that the highest negative correlation with GDX is DGZ. It's not perfect, but a pretty good proxy for shorting GDX.