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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.


TSX:HZD - Post by User

Comment by halfcentmanon May 14, 2011 1:23pm
214 Views
Post# 18576729

RE: Next level?

RE: Next level?If you ask me, it's not what is the next level to short, but which direction will silver take. The next three or four days should give us a hint. Furthermore, keep an eye on what happens Tuesday night with gold futures set to trade in Hong Kong for the first time outside of the U.S.
I'm glad I'm not caught up in the day trading here. By the sounds of it some are making money at it,  but just like a casino, you only hear from the one that make money. The majority loose. Do your homework. Pick your side. Make some "fiat" money.

halfcent

P.S.
Can one of those individuals out there that feels that fiat currency is dead please explain how life would be without cash. Would we all have little bags of silver that we would go to Wal-Mart or Price Choppers with and buy our goods. Would pensioners receive bars of silver? Would only the ones that own silver and gold before the crash of cash control the world? 
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