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BetaPro Canadian Gold Miners -2x Daily Bear ETF T.HGD

Alternate Symbol(s):  HZRZF

HGD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the Solactive Canadian Gold Miners Index. If HGD is successful in meeting its investment objective, its net asset value should gain approximately twice as much on a given day, on a percentage basis, as any decrease in the Solactive Canadian Gold Miners Index when this Underlying Index declines on that given day. Conversely, HGDs net asset value should lose approximately twice as much on a given day, on a percentage basis, as any increase in the Solactive Canadian Gold Miners Index when this Underlying Index rises on that given day. In order to achieve this objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. As such, HGD employs leverage.


TSX:HGD - Post by User

Comment by mikerosoft666on Dec 02, 2008 2:58am
263 Views
Post# 15621955

RE: bout time !

RE: bout time !
Specboy...

good to see you are having fun.

I'm trying to learn something here since I am not very experienced with gold  (anymore experienced with it than anything else I guess).  Gold is supposed to "come on" as a safe haven to inflation.  But not so much as a haven against fear I'm guessing.  So I'm thinking this market is still in deflation,  or starting into deflation,  and inflation won't be an issue until the Fed rates get held fast or start to rise.

So I'm thinking Gold will run down like other commodities except there seems to be some manipulation or confusion with it as it ran up over $827 when inflation wasn't an issue.  What is that ?

So do you think it will slide back down like other commodities here,  at least for a week or two ?  And what would the leading indicators of inflation actually be... Gold & Oil going higher before anything else happening in the market ?  In other words,  the traders know when rate hikes and cash movement are right around the corner before we do ?  I don't know,  kind of asking for an opinion on that...

I watch a lot of financial TV and read a lot on the internet and for every Bull opinion you can find an equal number of bear  arguments that are very convincing...

The only ones that seem to make sense to me are the guys who seem to be shrugging their shoulders and saying they have no clue what's next in this market...

What are you thinking ?
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