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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

BetaPro Canadian Gold Miners 2x Daily Bull ETF
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Post by mvgfwdon Sep 05, 2017 2:33pm
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Post# 26657720

Price lag due to correct?

Price lag due to correct?Uptothemoon your comparative point on the price of HGU relative to the price of gold is correct. So as we move forward, should we expect to see a significant unit price correction upward for HGU since the price of gold is now approaching $1,350 and the HGU unit price is still only at $16? If I am reading the charts correctly, the last time the price of gold was in the range of $1,350/oz in (one year ago in September of 2016) the unit price of HGU was about $26. So the gold miners are undervalued by some 40%? If we were to see some sort of catalyst to trigger a panicked induced flight to quality by investors, such as an escalation in the tension on the Korean peninsula, the price has the potential to move upward rather quickly. Am I reading this accurately? Any thoughts from others out there?
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