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

Add To Watchlist

TSX:HGU - Post Discussion

BetaPro Canadian Gold Miners 2x Daily Bull ETF > Here we go again

View:

Post by Steven1 on May 10, 2024 3:39pm

Here we go again

I have been disappointed with miners. It’s the usual 10 steps forward and 9 steps back. I’ll stick with this till $30-35 and I'm out. This is 2X, it will reach there, but most likely won’t stay above 30. Gold will have to stay in record territory for the rest of the decade to see any serious movement for miners.

Every time gold retreats $100-200 from record highs, HGU tanks