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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 gaserx2on Oct 02, 2008 11:45am
236 Views
Post# 15499807

Financial Crisis

Financial CrisisAccording to a highly regarded authority on Gold, we may be headed for a complete meltdown of the entire world fiancial system. "AS EARLY AS NEXT WEEK." It is suggested that the bailout package is powerless to avert what is now happening. The alarm bells are going off in Europe as we speak and the crisis is going to spread around the world. Gold right now just doesn't get it. However maybe this is the last gasp effort to get it down by the special interests and allow them to load up. It will be there only hope of shoring up there balance sheets going forward. Time will tell. My gut tells me once this bailout is dealt with the wheels are going to fall off the equities markets, particularily the Dow. The US dollar is going to tank and Gold should rise precipitously. IMHO.
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