Bullboard - Stock Discussion Forum 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,... see more

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BetaPro Canadian Gold Miners 2x Daily Bull ETF > HGU files up tricles down

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Post by Steven1 on Aug 18, 2023 3:01pm

HGU files up tricles down

I bought HGU at 17 way back in 2017 :) I bought a bit more last week. Nothing big just enough keep interested. I really thought this would hit and stay/split at $50 once gold hit 2K in 2020. That’s certainly not the case. HGU barely reached 40. I realize gold miner profits/holdings don’t always correlate with gold price.

When gold goes up, this files as you would expect of an 2X/3X ETF. In 2020 it went from $6 to $40. The problem is when gold drops marginally like $75, HGU finds its way back to under $12. Gold miners are generally the reverse of normal stocks. Normal stocks trickle up slowly and drop/crash quickly. Gold miners do the opposite.

Lets say gold reaches 2300 next year. HGU may reach $40-50. Then it drops to 2200 and we see the same cycle and back to 15. Sell and buy HGD or just stay out and buy lower.

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Comment by Cobalt on Oct 19, 2023 8:58am

HGU like any 2x etf has decay built in not ment to hold long term it is for trading trends not holding If you held from 17 fast math show HGU down 25% GDX up 20% same time period welcome to decay

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Comment by fullyautomatic on Oct 19, 2023 7:00pm

Bot a pile today. If Pet rocks can't go up now, they never will...... She sitting on the neckline of a daily chart, green candle could be tall....

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Comment by lou on Dec 02, 2023 11:48pm

Hey fullyauto are you still happy with your purchase of this one? Am looking got gold sector exposure for that 2x leverage...

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Comment by lou on Dec 02, 2023 11:59pm

"Am looking AT gold sector..." (not "got") Isn't there some way to edit posts? C'mon SH...

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Comment by fullyautomatic on Dec 04, 2023 8:30am

Lou- Yeah so far so good. I'd be a bit happier if that big spike on Sunday night held for Gold but I reckon the miners have some catching up to do here. Can't really hold this forever though. Good Luck.

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Comment by Steven1 on Oct 20, 2023 11:44pm

The best HGU has done since the 2015 low was $42 in 2020.I don’t think we’ll see the astronomical prices that we saw in 2012. In fact, anybody that bought this and is holding since inception of HGU, will never see a profit. I bought in 2017 and again recently with an average cost of $15. It doesn’t take a whole lot to get to $30-40. I’m out at that point. Maybe buy a dip later. You can do ...more

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