BetaPro Gold Bullion -2x Daily Bear ETF T.HBD

HBD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times 200 Percentage the inverse opposite of the daily performance of the Solactive Gold Front Month MD Rolling Futures Index ER the Underlying Index, Bloomberg ticker SOLCGCER. HBD is denominated in Canadian dollars. Any US dollar gains or losses as a result of the ETFs investment will be hedged back to the Canadian dollar to the best of its ability. The Fund If HBD is successful in meeting its investment objective, its net asset value should gain approximately two times as much on a given day, on a percentage basis, as its Underlying Index declines on that given day. Conversely, HBDs net asset value should lose approximately two times as much on a given day, on a percentage basis, as its Underlying Index rises on that given day.

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BetaPro Gold Bullion -2x Daily Bear ETF

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Post by Stocksnchartson Jul 12, 2011 1:17pm

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Post# 18823017

Gold Crash

It appears Gold is in a bubble. Gold miners (GDX) are normally closely correlated, and have already dropped equivalent to $300 an ounce. Gold could crash here to close the gap. Silver already crashed in May. Technical and symmetrical patterns seem very bearish.

I show the charts with $1,250 target.

https://cyclicalmarketanalysis.blogspot.com/

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