BetaPro Silver -2x Daily Bear ETF T.HZD

HZD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times 200 Percentage the inverse opposite of the daily performance of the Solactive Silver Front Month MD Rolling Futures Index ER the Underlying Index, Bloomberg ticker SOLCSIER. HZD is denominated in Canadian dollars. Any US dollar gains or losses as a result of the ETFs investment will be hedged back to the Canadian dollar to the best of its ability. The Fund If HZD is successful in meeting its investment objective, its net asset value should gain approximately two times as much on a given day, on a percentage basis, as its Underlying Index declines on that given day. Conversely, HZDs net asset value should lose approximately two times as much on a given day, on a percentage basis, as its Underlying Index rises on that given day.

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BetaPro Silver -2x Daily Bear ETF

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Post by halfcentmanon May 07, 2011 9:07am

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Post# 18544291

Loosing faith in Silver

With yesterdays modest increase in silver prices, one would expect that the holdings of silver in SLV would increase. Well, they actualy fell yesterday. They are now at November 2010 levels. Long time bulls had no issue with holding silver derivatives such as HZU over night or over a weekend. That has changed. They have turned from buy and hold to day trading. Seems that faith in silver ability to hold value is in question.
Gold is still a puzzle. We may have to see if gold moves down once the gold to silver ratio hits 50 or higher or when the CME starts to demand even higher margin requirements as it did in silver.
As the saying goes "Elvis has left the building" so has Soros left the silver market.

halfcent

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