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Commentary Topic from greenfaucet

Do Not Buy the UBS Gold Hedged Index ETN (SPGH)

A new exchange-traded product hit the market yesterday (January 28, 2010):  UBS E-TRACS S&P 500 Gold Hedged Index ETN (NYSE: SPGH).  If this sounds like something you might want to buy, I suggest you understand what it really is and compare it to a Do It Yourself (DIY) solution before plunking down your cash.