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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

Comment by mikerosoft666on Nov 04, 2008 4:53pm
180 Views
Post# 15566254

RE: RE: RE: RE: RE: RE: MNL - u think Gold is goin

RE: RE: RE: RE: RE: RE: MNL - u think Gold is goin
Yeah !!!    It's funny how a general shift in market emotion can cloud the thinking. 

I bought the bear because I figure the news out is still horrible and this market rallies on what ???  I wouldn't put a penny into this thing unless you were at the all time low and about to turn soon or I was betting on full collapse.  There are some negative events brewing for Nov. 15th,  and Jan numbers will be horrible so betting the bear can pretty much be backstopped easily - except for Gold...  that is going to fool guys like me and I think your earlier call on it is going to bang on.  Dumped 7000 shares today between $6.80 and $7.10 today.  Avg Cost: $6.05.  But that's OK... had over 20,000 Avg Cost $4.54 and got out of that in low $5's.  I would like to buy it back approaching $6 again but we will see.

Also dumped HEU and HJU although I get the feeling HJU may have been premature.


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