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

Post by Ducimuson Aug 15, 2008 12:05pm

238 Views

Post# 15387528

Ducimus takes position into HGD.TO

Last night, in my nightly post , I was saying:

Now let's look atoil. Everybody seems to agree that oil has go too far, too fast. Iagree as well, every time I put gas in the old guzzler. The chartagrees as well. As a matter of fact, looking at the oil charts below,you will see that it did what is was supposed to do - it touched theupper trendline of both the long-term and short term uptrends (see charts below)and then reversed. Naturally, I had to take a few positions in HOD.TO.Well, oil did exactly what was expected - is went to the lower trendline on the short-term uptrend. That's where I got out of HOD.TO.

But,look at that! It now looks that this short uptrend is in danger ofcoming to an end. So, if oil breaks below $112-$110, a new short-termdowntrend will be in place. One taking likely taking us to the nextsupport level.... at $100 (20% gain on HOD.TO). If $100 does not hold,as I suspect, then it's onward to $85. a whopping 50% gain on HOD.TOfrom here. Needless to say, that I intend to take advantage of it.

Well, I followed thru and took a couple of positions.

You can find the other charts here.

Horizon BetaPro NYMEX Global Gold Bear Plus ETF - 2 YearChart