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

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Post by mpetiton Jan 12, 2008 8:45am

347 Views

Post# 14192270

Hedging down5 times, sold one

I started buying low 12 500, then 500 low11 then 500 low 10 and 500 low 9 and flipped 600 once.

I am now in at average cost mid 10 range so holding - gold may go much higher and will hedge in the mid to low 8 range to lower entry. It is only a lose when one sells.

I called gold wrong and therefore now trying to minimize my entry by hedging and flipping on upswings.

Should of flipped a few more times but in this market, not so easy in my view.

Waiting patiently

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