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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

Post by tjbartels1on Mar 18, 2008 5:59pm
235 Views
Post# 14743416

tomorrow should be a better...

tomorrow should be a better...day for gold IMHO...markets always over-react in both directions...spot price has allready turned...lets face it, the only good thing the FED said was to give the idea they are near the end of cutting rates...this gave the US dollar temporary strength...certainly won't last...fueling inflation, good for gold, weak US dollar, good for gold...believe me, i jumped in big late in the day as i know when rates are cut, it weakens the US dollar...tjb
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