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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

Comment by DaycareKid007on Oct 06, 2008 3:33pm
340 Views
Post# 15508420

RE: It's your own fault...

RE: It's your own fault...Yep gold is up and gold stock have been selling off with everything else.  Currenlty HGU is selling at a price when gold was in the mid 700 range.  Some might call this capitulation a buying opportunity. Technically the chart looks like it is forming a double bottom as all this craziness is going on.  As long as it doesn't close below the lows in September this could be a very bullish signal for those who missed the run up the first time. Looks like I may have to take the risk and jump in at these levels.  It is a traders market..  time to trade..
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