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 16, 2008 12:57pm

117 Views

Post# 15459645

RE: Are we getting a USD rate cut?

I know but I'm not saying! ... Just pulling your goldfinger!

The markets are anything but orderly right now. A possible and in my opinion likely rate cut should push gold up, but I think the market will see it as another positive and propping move by the feds and gold wil either continue sideways or actually tank.

If they keep rates steady I think gold will poop out in the short term, shaking some more of the tree!

My only real conviction at this juncture is that if you can stay the course in gold and commodities it will eventually pay off in spades, Evnetually however could be 1 to 5 years!

best to all

gsall

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