BetaPro Canadian Gold Miners 2x Daily Bull ETF T.HGU

Alternate Symbol(s): HZNSF

Metals & Mining Gold

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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Post by Kooleron Dec 03, 2008 9:40am

292 Views

Post# 15624605

GOLD: Not the "Safe Haven" You Think It Is

According to mainstream financial wisdom, when the U.S. economy becomes like an airplane that runs out of fuel and starts hurtling downward, one market is supposed to be the parachute of safety: Precious Metals.

In truth, things aren’t so hunky dory. Over the past year, passengers aboard Air Wall Street have repeatedly pulled the "ripcord" -- only to find that gold chute fails to open. By and large, the reaction has been one of shock, confusion, and panic. See:

"Gold's recent slump bewilders investors," began a recent DJ MarketWatch. "Gold prices tend to rise when the economy falls into troubles; but its recent slumps have defied conventional wisdom."
"It's been a puzzle for most of us… In hard times, gold is a good thing to have, [but] seeing the price continue to drop has been curious." (AP)

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Here's the link for the complete article https://www.elliottwave.com/freeupdates/archives/2008/11/17/GOLD-Not-the--Safe-Haven--You-Think-It-Is-.aspx

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