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

BetaPro Canadian Gold Miners -2x Daily Bear ETF

Bullboard Posts

Post by Loopaeon Nov 11, 2009 5:29pm

780 Views

Post# 16477078

Dollar bottom

I think the dollar has bottomed today. She put in a hammer bottom and there is a divergence in the low of the MACD and PPO.

The USD price went lower than the last dip, however the MACD and PPO did not make a lower low and have made a higher low. This type of divergence is fairly reliable in indicating that we have a short term bottom in place and the $USD should strengthen or go sideways from here. So GOLD most likely will peak out here.

That's my technical opinion, be warned, trade accordingly!

Bullboard Posts

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