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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 08, 2008 11:43am
346 Views
Post# 15513423

RE: HGU is worth $15-$18 right now

RE: HGU is worth $15-$18 right nowLooking back to July when gold was around 920 this ETF was higher than $25 with gold taking off there is definately a lag between gold bullion and the stocks indicating there could be and explosive move upward within the next little while.  Market capitulation left no stocks standing, but I see a move of funds into the large cap gold stocks within the next couple months. With a another significant run up in HGU once passing the 16 dollar level to the high teens or low 20's.  If during that point gold bullion can break resistance at 950 we could possible see gold pushing $1000 by year end. If that occurs I expect the junior gold sector to begin to revive as there so many of them trading at 1.1 time next years cashflow estimates.  Amazing opportunity right now if you know where to look.
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