Reddit Posts
The Threat of the US Defaulting on Its Debt: Understanding the Debt Ceiling Crisis - The Case for SDS and UGL
The Federal Reserves Internal Turmoil, Recent Economic Reports and How To Profit - The Case for NUGT, UGL, AGQ, and Crypto
Is there something I'm missing? Leverage ETFs seem great.
Whats a good 3x Gold ETF available on RH?
Mentions
UGL --> ZSL --> VT I'm officially done (see you tomorrow).
LITE UGL and I hate to say it but RKT if it wants to fill the gap. And also yes pypl going to 0, might join in puts
I got 1/2 burned. I was in leveraged UGL and AGQ! Sold in morning.
Holy shit dude, that's a lot of money. That's why I'm only sticking to IPOs and shares of leveraged stocks that are related to super popular ones that are more certain to go up in value and make a lot of money. During the Silver and gold booms, I switched out my shares of IAU and SLV for AGQ and UGL and made $475 in three few days. I sold on When tech stocks like Nvidia Google are doing great, I don't think it's a bad idea to invest in leveraged shares like GGLL. If the prices of gold and silver continue to go down, I might go ahead and buy inverse leveraged shares of silver and gold. I think I'm also going to buy some Berkshire Hathaway. The stock is undervalued and will continue to go up and see consistent and healthy growth. I trust that Warren Buffet picked a good person to run it and it will continue to do what is in the best interest of the investor. The inverse shares will be somewhat temporary but good for the short term. Berkshire will be a good long-term hold. Other than that, I put $1,000 down to buy into Liftoff Mobile that is backed by the investment firm Blackstone and has seen strong growth of 40% during the first five months of 2025. Then, it's SpaceX and Openai.
Man, I'm down almost 9k of my gains on GLD and UGL that I've been long since last august, and I bought 9k of the jan 600C at close today. I feel like you'll be fine though, because it feeds my cognitive bias, and you getting back to green means my longs are back up and my leaps 2x lol.
https://preview.redd.it/a18l673cklgg1.jpeg?width=1170&format=pjpg&auto=webp&s=a3f12f5422793e81ba77e009e5ed95cbc6e40cbe As I noted in an earlier comment, I ended up selling the rally on Wednesday to offload some of my UGL and GDXU positions to free up funds. I then sold the remainder of GDXU on Thursday after the significant price volatility from Tuesday to Thursday. I bought the dip in UGL on Thursday and sold into the rally that day. I sold some UGL in the after-hours trading session for New York on Thursday. However, I was not able to offload all of it before the session closed. I sold the remainder of that UGL block for break-even during the little rally that occurred right as the pre-market trading session opened for New York on Friday. I did not even contemplate buying the dip on Friday. These are a nice bit of gains for the month while the S&P 500 and NASDAQ 100 remained flat. The gains could have been higher with options. However, as I noted in my original post, holding options would have meant losing the flexibility to sell during non-traditional trading hours when large swings can occur. Gold and silver are likely going to take several sessions to stabilize. It could be weeks to months before that happens. I won't be re-entering into any gold and gold-miner positions, even small ones, until there's a sufficiently large correction and another clear upswing.
Just loaded up on AGQ calls at around $140, I’ll exit after a 500% gain (hopefully😭). My UGL calls are bleeding (bought yesterday’s dip🙃). I hope everyone is doing well. I’ve been staring at my computer and phone since 5am😂😂
I also bought the UGL dip today. I timed the bottom almost perfectly and missed it only by a few minutes. I sold into that rally. However, it looks like the remaining gains have almost been eaten by this evening's decline. I doubt that spot prices are going to meaningfully climb this evening and tomorrow like they did during today's session. Foremost, there was a technical issue at the London exchange, which is causing some liquidity issues. As well, I think that traders in Shanghai's session are going to be cautious and wait for more information. They're facing increased margin rates. COMEX also raised margin rates. Given all of those factors coupled with the extreme overboughtness of gold right now, I will likely start paring my UGL positions more during pre-market hours so that I can deleverage and reposition.
had a $4 trailing stop loss on UGL. It triggered, and I bought the dip. I got another 54 shares with the money I had from the stop loss sale, and then ended the day up $3,989.21 on UGL alone
Not too badly, all things considered. It stings to be down around $1.2M from today's high and around $600k compared to yesterday. However, that put me back to where I was at yesterday's open, which isn't so bad. I was fortunate that I took a decent chunk of profit from both UGL and GDXU this morning before the bloodbath happened. As I noted in another comment, I think it was from yesterday, I wanted to sell into the rally to make sure that I started setting aside funds to pay for taxes both last year and this year. I also wanted to sell a bit extra just to have a cash cushion. I also ended up grabbing more UGL on the dip earlier today. I wasn't able to quite catch the bottom, but I got very close. I won't be grabbing any GDX and GDXU, though, until we see where gold stabilizes. We could very well have another major liquidity sweep either tomorrow or early next week, which would further, and unnecessarily, depress GDX and GDXU prices even more.
I’m thinking of buying: GDXU 0.95% gold mining 3x AGQ 0.95% 2X sliver UGL 0.95% 2X gold
I’m thinking of buying: GDXU 0.95% gold mining 3x AGQ 0.95% 2X sliver UGL 0.95% 2X gold
the one UGL leap I have left is worth more than my entire port was when I bought it...love shiny.
I am going to full port UGL tomorrow and save the world
What happened and why my UGL just shot up?
made one month salary today from holding UGL.
I love it. UGL is going to help me buy a new toy.
OP - when do you get out of UGL?
So tired of this shit. Just full port UGL and check the portfolio in 6 months.
Just remember, UGL can be a bit volatile, especially with those March expirations looming. The $60 and $70 calls could be risky if we see any pullbacks in gold. Make sure to check the correlation with gold futures for a clearer picture: https://aimytrade.io/ticker/UGL?utm_source=reddit&utm_medium=comment&utm_campaign=smallstreetbets
If you look back through my earlier post, you can see that I was more focused on gold, particularly via GLD and UGL, for the earlier part of last year. I never made a follow-up post, but I re-entered into UGL around late August with a much larger stake. I sold that in the middle of October. I then re-entered a second time in early November once there was a consolidation and well-defined uptrend. I, however, completely missed the rise in silver earlier in the year. It wasn't until I started talking with acquaintances, who specialize in commodities trading, that I started paying attention to it. After those conversations, I snagged some SLV and AGQ shares last year that I rode from November until this year. Those turned quite the profit, and I was able to avoid much of the whipsawing that occurred earlier in the year and even back in October. However, silver started to become increasingly volatile in the last week of December due to the back-to-back metals margin rate increases. The daily ±7% swings on Monday, Tuesday, and Wednesday of that week were just too much for me to stomach. I was also happy with the 60%-ish and 160%-ish gains that I had accumulated for SLV and AGQ, respectively, so I sold everything to lock in my profits and start preparing for tax payments. In retrospect, I should have kept holding. I would have been up around 130% and 360%, respectively, as of today. Those gains would have easily paid for a 296 Speciale, and then some, even with the ridiculous added-dealer mark-up that comes with them. Now, though, I'm not sure that I could enter into the same silver positions. I much prefer gold's slow creep to silver's blistering sprint.
Thanks you sir for sharing this detailed analysis! Your post and comments are very insightful! With 2x leveraged UGL, there's risk of daily reset while /GC has up to 15x leverage without daily reset. I wish to ask how do you choose holding the leveraged shares vs futures?
I sold a bit into the rally on Boxing Day, which was a Friday. Everything seemed a bit euphoric for such low volume. I also got the itch to buy short-dated calls that day, which told me that I was getting too greedy and needed to trim. I didn't sell off everything, though. The CME margin hike increase after market close that day took me by surprise, given that they had hiked about two weeks prior and a few times before that. CME margin hikes do not always depress prices. However, they can cause commodities to drop substantially once futures traders start getting liquidated. That was another indicator that it was potentially time to sell in the coming days. Over the weekend, we saw a substantial inflow of retail customers buying physical gold and silver. Every online store was out of stock. Even kilogram gold bars were scarce. Those stores posted the biggest single-weekend sales for the entire year. Retail showing up was another indicator that a local top was either here or was coming. Beyond that, the rest was just looking at the fact that gold and silver were extremely overbought relative to the futures volume. I remember the overnight session that weekend quite well. Silver shot up to a, then, all-time high of $83/toz before dropping to $75/toz and then whipsawing back to around $80/toz during Shanghai trading hours. Once London opened, silver started dropping. With no support from London for silver and gold, it was likely that everyone was taking profits and that the New York session would be no different. I sold the rest of my gold- and silver-related shares immediately at pre-market. I created quite the volume spike. I had been holding UGL and GDXU since early November, so I was fine with my gains up to that point and wanted to lock in profits. If given the option, then I would have liked to have held so that I could have taken advantage of the lower tax rates at higher brackets for this calendar year.
Fun fact at around $6m, that UGL 0.95% expense ratio is equivalent to the median salary in the US.
I'd like to hold until March to April before paring. I'd like to see UGL go up another 25-50% during that time and GDXU to go up another 100-150%. If there is another U.S. Government shutdown, then I will start hedging significantly. Everyone is essentially flying blindly without Commitments of Traders reports from the U.S. Commodity Futures Trading Commission.
There are lots of options. GLD, UGL, IAU, BAR Not sure why you're looking to buy specifically Friday and sell Monday, but if that's your strategy then maybe pick up some weeklies on GLD
ELI-stupid please. :) Looking at the chart over any length of time compared to SLV for AGQ or GLD for UGL, it has outperformed the metal ETFs.
Well of course it's not going back to $1200 lol what are you even saying. But it's very possible it goes back to $4000 and that would be a 45% loss on UGL hence why I took profits here.
Just found out about AGQ and UGL. Why not buy that instead of SLV and GLD? Can someone educate me?
Owned UGL since 2900 and just sold some yesterday
If you're not holding 2x leverage gold (UGL) or 2x leverage silver (AGQ) you must not like making money
Am I wrong for going all in on UGL?
I trimmed a bit on Greenland news from QLD and moved to UGL. Too much whipsaw.
Holding UGL as a hedge so... All good
Plenty of ETFs like GLD, IAU, GDX, GDXJ. UGL, NUGT and GDXU are leveraged if you can handle extra volatility. Not designed for long term buy and hold.
Interesting call! Just keep an eye on the broader market trends; they can really swing UGL’s price. I've been tracking the volume, and you can see more details here: https://aimytrade.io/ticker/UGL?utm_source=reddit&utm_medium=comment&utm_campaign=smallstreetbets.
Everyone is buying Chinese UGL and getting Retatrutide instead. The pharmaceutical companies are charging way too much. If you are going to buy, get lly who owns Retatrutide patents.
CGMU.TO (Canadian market) but I also have a sizeable amount in UGL (2x gold)
GGUS (a geared growth ETF) and UGL (leveraged gold) carry extra volatility; make sure you understand their leverage reset mechanics. Senior AUD bank bonds are relatively stable but expose you to currency risk. Diversify across asset classes and keep high‑volatility instruments to a small percentage of your portfolio.
With options? Your account blows up on a tiny 17% correction before a 1980 template moonshot to 24k. Something to think about. For leverage without wipeouts, there is UGL. https://preview.redd.it/2yp95nvs2dcg1.jpeg?width=3232&format=pjpg&auto=webp&s=7feb40dded10c2351af97493af617097a719fef7
Oof mine was all red lol (UGL calls) but good work
trading GLD and SLV is poosay. commit to AGQ or UGL. or be a real bad bitch and step up to SHNY
My boy, you meet some UGL/AGU in your life 😅
In the interest of disclosure, I have large positions in SLV, GLD, UGL, GDX, and GDXU. I've become increasingly wary of the risks associated with exchange-traded notes (ETNs), so I'll be locking in my profits on GDXU and switching to GDX LEAPS once the new year hits. I additionally have large amounts of GLD and SLV LEAPS. I semi-annually rotate my profits out of the riskier plays into GLD, VOO, and BRK.A.
I was at a BBQ in late October and some dude randomly turned to me and said, "Man, gold is really kickin' off amirite?" It was then and there I knew that on Monday my GLD & UGL calls were cooked.
Gold & silver continue to outperform the rest of the stock market. Buy low risk, less volatile ETFs like GDX, UGL or AGQ if you want to double your money. Buy high risk, more volatile ETFs like NUGT, JNUG or GDXU if you want to triple your money or more.
I know one of you goobers went all in on UGL a year+ ago. Show yourselves.
YTD, 9.6%. fucked around with OPEN and TSLZ too much. UGL saved my ass and helped me make around $20K back
My UGL from 5 years ago are +500% 😛
Not sure if it helps but Warren Buffett said with $10K he would put: 35% Vanguard S&P 500 Index Fund 25% Berkshire Hathaway 20% Apple 20% Coca Cola Anything else I would put into gold ETFs like DGP & UGL
Gold is currently going through its usual consolidation stage after a large run-up over the last few months. This time of the year is also typically when gold stagnates and low-volume plays can swing the markets greatly. Gold likely won't start to pick up again either until another two-ish months pass or until we have more insight into both the inflation rate and the potential for future rate cuts. I previously held an eight-figure combined position in GLD, UGL, and GDXU from late February to early May. I bought back into them at a similar level in early August. I am still holding shares in all three tickers. I sold most of my deep-ITM LEAPS on GLD and GDX last week, since volatility started to impact their value and will likely continue to do so until around the Chinese New Year.
Good ol gold $UGL I bet that orange taco is going to cause another headache on Jan 30.
Buy UGL to speed it up. It's the safest investment in these overbought times. 2026 will be a bad year across the board with few exceptions.
Been using UGL as a hedge/cash alt for quite some time. Turned out to be a very lucrative investment. The run-up has been crazy, but between money printing, rate cuts, inflation, and foreign banks piling in, I'm still adding to my position.
I'm frankly focused on Gold and Cash right now, trading UGL in and out while keeping plenty of cash on hand. I'm halfway to where I wanted to be next year, so I'm ok if I miss out on profits so I can not be freaking out.
Close enough. I know even with the spreads metu is nowhere as efficient as meta but I’m looking to make 2-3x. Losing 10% means nothing. Having to use 1/2 the capital gives me space not only to hedge but enter another trade Bito or UGL while using the same hedge. Today alone my calls went from 1.05$ to 1.50 (and back almost 😅) on a 3 week call. Absolutely impossible to make that w meta. And my 1,000$ qqq 2 week puts as the hedge went up 2x so I covered and will re enter them tomorrow after the pop in the morning. Was literally the perfect trade for me today. Doesn’t happen that often I assure you.
I did the same but with UGL at double leverage. We are both tarded
Loaded up on UGL thus afternoon. 2x gold leverage
I fomo bought UGL yesterday. Out of spite I bought even more after today's dump.
Picking up UGL calls at open
UGL calls seem relatively cheap. Should pick up some of those tomorrow to compliment my GLD calls
Took off risk by buying a shit ton of UGL. Was a fantastic trade. Probably going to unwind that now though. Not sure what's next.
CURE and UGL were the best hedge, but it became a crowded trade after I recommended them. Sold most of my position on these two.
I went into gold, UGL specifically about 2 months ago... I'm ok watching things burn
I sold out of UGL and NUGT after this amazing run from gold 1800. I’ll be back in after it cools off.
Gld for obvious reasons, but IAU has cheaper options and is only weekly instead of 3dte, so I play it safer with IAU and when I feel riskier I do GLD, but I do both 2-3dte and weekly calls with GLD. I do weekly for SLV and GDX(J). Might do some small positions for UGL or some kind of 2x when I think there might be a good day, or over the weekend when it usually goes up a few $.
I've been holding Nugt since March, up 86 percent. I recently bought in to UGL and it just keeps going up. Honestly just buy in and watch gold prices and the dollar index. If inflation heats up again, which it probably will, that will just add fuel to the fire.
UGL and SHNY for me sweetie
Yeah, a small pullback is normal even in strong rallies, so waiting for a dip to add exposure makes sense. For my long-term view, I’m looking at gold reaching around $7,000 within the next 1.5 years and silver hitting about $55-$60. This is based on current momentum, industrial demand for silver, tight mine supply, and broader macro trends. Your diversified positions across GDX, GDXU, UGL, AGQ, GDE, REMX, and URA are solid,scaling in carefully during pullbacks could capture a lot of upside before those levels.
All I know is I plan to buy a solid gold buttplug with my UGL profits
I've held UGL since Feb 2023 so not likely
My personal allocation is - TQQQ 55% - UGL (gold 2x) 15% - EDV (bonds) 15% - CTA/KMLM (managed futures) 15% TQQQ, gold, managed futures, bonds strategy with 200SMA switch Results with dotcom bubble and 2008 GFC: Strategy: https://testfol.io/tactical?s=93v4T1s6yXo Standard ETFs: https://testfol.io/?s=9giBG7lgiNi
The rate cuts are coming, as is stagflation. We are losing jobs not because of the tariffs, that's causing inflation, we're losing jobs because people don't see growth and AI is making companies think they can do more with less (they can't). So when rates get cut, we'll probably get the additional inflation, but we're not going to get the jobs any time soon. Gonna be a rough few years ahead. How do you play that market? I'm buying O and UGL
You need a leveraged hedge if you want a x3 leveraged equity ETF long term, like bonds (TMF) or bonds and gold (UGL). Bonds have historically been a good hedge, but not great with high inflation - but that’s where UGL can come in handy. Otherwise having 1.5-2x leveraged equities has historically been good and you don’t need hedges but they are more volatile.