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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

Post by mikerosoft666on Nov 04, 2008 7:13pm
271 Views
Post# 15566525

Well said Daddymack...

Well said Daddymack...
I would admit to my mistakes but I would only be put on IGNORE for hogging all the board time...

I too have been calling them wrong over the past year but the worst has been the last 3 months or so.  Earnings report showing a company is making 106% year over year and outlook going forward is expected growth of 40% and stock takes an intraday haircut of 20% on that news.

I stopped ALL EQUITY activity immediately and start playing the general sector ETF's and the TSX Bear and Bull.

It's been guys like MNL and Panda123 and Specboy and _Decker_  (and many others - please don't feel slighted) that have helped me make sense out of the very unclear path we are travelling on.  These are people who genuinely offer help when you ask for it and pull no attitude about your own prowess.  And they have been right a lot more than they have been wrong.

Sorry MNL got caught in a cross-fire today.  Hope it rights itself early in the day.  Gold doesn't seem to be screaming in the overnights so I guess there is a chance to right it in the morning.

I'm hoping I called TSX and OIL correctly in tomorrow's session.  Sometimes oil can move really fast like Gold and it it's to the upside then my HXD isn't going to do my much good either is it ?

Oh well,  all  I can do is laugh about ti these days.

And thanks for all the help guys...


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