Posted by frtaylor on 20th of Oct 2010 at 08:37 am
With Fidelity, buying SPPIX (for GDX short trade) requires a
$15,000 purchase minimum, so I won't be using it for my wife and my
small IRAs. Also, there is a $75 fee for selling before 180 days
(SPPIX is a mutual fund), which coupled w/ trading commissions is
$89, or about 0.6% overhead cost on a $15K trade. Just FYI if you
use Fidelity.
SPPIX - limitations (w/ Fidelity)
Posted by frtaylor on 20th of Oct 2010 at 08:37 am
With Fidelity, buying SPPIX (for GDX short trade) requires a $15,000 purchase minimum, so I won't be using it for my wife and my small IRAs. Also, there is a $75 fee for selling before 180 days (SPPIX is a mutual fund), which coupled w/ trading commissions is $89, or about 0.6% overhead cost on a $15K trade. Just FYI if you use Fidelity.
option
Posted by rreich on 20th of Oct 2010 at 09:22 am
the coorelation between gld and gdx is high. can use the double short gold etf..
funny thing -- the correlation
Posted by Michael on 20th of Oct 2010 at 09:34 am
funny thing -- the correlation between the double long gold and GDX is in the 90's, but for the short its only like 86%.
DZZ
Posted by dallassteve on 20th of Oct 2010 at 09:28 am
I sometimes use DZZ in my IRA, but I don't like to hold these leveraged funds long, maybe 2 weeks max. Works best with a strong trend, of course.
I much prefer trading the long side in my IRA with GDX. The new mechanical system is ideal for this.
It depends on the time
Posted by algyros on 20th of Oct 2010 at 09:38 am
It depends on the time frame you're looking at, but, if memory serves, DGZ usually correlates better to the inverse of GDX than DZZ.