BetaPro Canadian Gold Miners 2x Daily Bull ETF T.HGU

Alternate Symbol(s): HZNSF

HGU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the daily performance of the Solactive Canadian Gold Miners Index. If HGU 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 the Solactive Canadian Gold Miners Index when this Underlying Index rises on that given day. Conversely, HGUs net asset value should lose approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index declines 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, HGU employs leverage.

TSX:HGU - Post by User

BetaPro Canadian Gold Miners 2x Daily Bull ETF

Bullboard Posts

Post by smilleyon Oct 16, 2008 9:09pm

444 Views

Post# 15530556

Bounce???

The gold equities have been beaten up badly this week. I sold today at $9 (very worried) and put in a bid at what I thought was bottom fishing at $7.5 and got it. I don't expect to see a big bounce, but hoping for $9 sometime tomorrow. This etf has beaten me up badly, so I've scaled back by half and am sitting at 3/4 cash (much less than Oct 1). I'm not going to go in hard till after the election. The Fed has everything locked up, gold, oil, US dollar etc. The deleveraging is doing the rest. Best to all..........................

Bullboard Posts

Level up your trading with BMO InvestorLine’s enhanced features