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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 stockabcdeon Jun 17, 2009 8:23pm
301 Views
Post# 16079433

Encourage day ahead

Encourage day aheadAug gold move back above 940 shortly after Globex opens at 6PM EST, judged by this, I think today was the last day that the shorts shake the gold stocks so they could cover near day low.  What better time to break out of 940 at early hour of trading....if Dollar co-operate, we may see a good day tomorrow for HGU.
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