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

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Post by CashCow23on Sep 19, 2008 1:19pm

200 Views

Post# 15470469

JUST TO ADD

Just wanted to add something that i missed in my last post:

Think of it this way: If this new plan remotlly shows that its not feasible or that it dissapoints the street, what will happen? STAMPEDE TO GOLD
But if this plan does seem to make sence then what will happen? Gold will have a marginal drop and you will have enough time to get out of this before it drops again.

The risk to reward isnt there to be invested in something like HGD.

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