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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

BetaPro Canadian Gold Miners 2x Daily Bull ETF
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Comment by mikerosoft666on Oct 26, 2008 7:59pm
228 Views
Post# 15548873

RE: tell me this

RE: tell me this
I've heard there is a substantial amount of short covering in Hedge Funds as they try to unwind their huge short position on the US Dollar.  It will end soon - maybe this week,  and the dollar will drop.

I've also heard that Gold is in a bear rally meaning it still has more to drop.  Personally I believe very soon we see Gold do what it does in weak economies.  Inflation hasn't start to roar yet so Gold could spin around and around for a little bit.  But when inflation is on everybodies lips,  Gold will be $1000+  -  it will be too late to buy it then and make huge pots of money...

Now is the time... and any dips going forward... buy it in them...



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Dealroom for high-potential pre-IPO opportunities