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

Bullboard Posts

Comment by gsallon Oct 29, 2008 6:32pm

210 Views

Post# 15554586

RE: all systems go!

I hope you are right as my juniors are getting a second life!

However, I sold off HGU at $5.85 and started nibbling at HGD at around $11.45.
The gold action after the Fed cut and the Dow tanking did'nt inspire me with confidence.
Also, I don't like the unresponsivness of HGU lately.

Lets see what happens overnight.

If things look different in the morning I think I will still have time to reverse my actions.

gsall

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