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 gsallon Sep 12, 2008 11:23am

161 Views

Post# 15451627

RE: Oh oh, Gold up to $758

An ahole like me? I got 2200 shares of HGD at 18.1

On the other hand I gots lots of HGU, the hedge will hopefully end up in my favour.

All that being said, I have done ok with with HGD but maybe pushed it too far. This is where TA can save your bacon and I'm becoming more and more convinced that TA is a fantastic tool if I can wrap my head around it.

Hurricane Ike and Lehman has lots to do with Gold spurting up today.

What a ride!

gsall

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