The ProShares Ultra Gold ETF (NYSEARCA:UGL) saw a bit of a sell-off these days. This is uncharacteristic in a down market, but also reflects a possible tactical buying moment for this leveraged ETF.

Former HKSAR Chief C.Y. Leung cleared of any wrong doing by ICAC over UGL payment. (Anthony Wallace/AFP/Getty Images) Source: Anthony Wallace, AFP, Getty Images Anti-corruption agency, ICAC ...