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 dudediligenton Dec 01, 2008 1:15pm

436 Views

Post# 15620649

Technical Consolidation

Bears will eat their words in days to come. This day is healthy for the bulls as we needed a retracement after the massive move up from five bucks. If there was any conviction in this you would see HGD up much more today then it is. The reason it isn't is because they know HGU will be back stronger than ever.

This is a much needed consolidation for the next leg up and you can already see the rebound is in the works.

Hang-on shorts!

Bullboard Posts

How a junior advances one of the largest undeveloped diamond projects