BetaPro Canadian Gold Miners -2x Daily Bear ETF T.HGD

Alternate Symbol(s): HZRZF

HGD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the Solactive Canadian Gold Miners Index. If HGD 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 any decrease in the Solactive Canadian Gold Miners Index when this Underlying Index declines on that given day. Conversely, HGDs net asset value should lose approximately twice as much on a given day, on a percentage basis, as any increase in the Solactive Canadian Gold Miners Index when this Underlying Index rises 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, HGD employs leverage.

TSX:HGD - Post by User

BetaPro Canadian Gold Miners -2x Daily Bear ETF

Bullboard Posts

Comment by mpetiton Jan 10, 2008 7:49am

75 Views

Post# 14179031

RE: ''tis almost the time......

Slovenia, I agree Gold will move down short term but long term has strength until the second or third quarter.

I got in way to early and had to hedge down several time to lower my entry - which I hate - a 10 to 20 bounce and I will sell 1/2 and wait a little. The US dollar is so low that it can only move up very close to bottom in my view and Bush is overseas and I feel he is getting a hit from oil producers saying strengthen the dollar and we will lower oil. Just my view and could be way off base.

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