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

Post by Cartman666on Dec 09, 2008 7:32pm

593 Views

Post# 15636204

I'm ALL in

Well, after today's activity in the markets and drop in HGD, I am officially all in (with what funds I have allotted to this stuff). It scares me how we can see the biggest single rate cut in over 70 years and it's still not enough to move the TSX into the green... Maybe we're seeing a ton of tax loss selling, who knows... I don't have plans to hold HGD for the long term, but I do anticipate a drop in gold and the TSX for the end of 2008.

So mark this post - if HGD drops significantly more, and if you are in a 40 ft radius of my location, you will hear my cries :)

Bullboard Posts

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