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

Comment by CopperWaveon Nov 03, 2014 5:45pm

115 Views

Post# 23090160

RE:RE:Any hope here?

In my opinion, the price of gold CANNOT go back to the pre-QE3 levels. The reason for this is because the costs to mine gold have risen DRAMATICALLY. The average price to mine gold is about $1250/oz - this will result in mines being put on hold or gold being mined and stocked up/not sold on the market. Using basic economics, you'll realize that with the lack of supply, prices will go up as people who demand the product will have to pay a premium to obtain the limited gold available. Furthermore, IF the Swiss Gold referendum passes, the majority of the supply will be taken off the market. That's the best case scenario where gold will begin its reversal and skyrocket upwards.

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