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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, as the Solactive Canadian Gold Miners Index when this Underlying Index rises on that given day. Conversely, HGUs net asset value should lose approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index declines 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, HGU employs leverage.


TSX:HGU - Post by User

Comment by pullsee7on Feb 16, 2008 5:31pm
152 Views
Post# 14384838

RE: Commentary

RE: CommentaryHuntmaster: Nice post. I have a question for you. What does your crystal ball say about the future price direction of HGU? I have subscription to a service that follows an model based on empirical / historical data of a gold basket. Its quite intricate, but in the nutshell, it is based on moving averages of various lengths, e.g. 16 weeks, 40 weeks, 96 weeks and so on. This system called for a BUY last Thursday. However, as the support is only about 2% below, it would have a tight stop loss. Now, I'll want to hear your forecast for the next wave; is it up from here?
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