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

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Comment by wavepsycheon Dec 16, 2008 7:40pm

228 Views

Post# 15650159

RE: it's always temtpting.....

Feels like a monster headfake; a 50% retracement is definitely in the cards; however, with Fed moves today, institutions have more tailwind to pump gold stocks further - at least till triple witch Friday.

I'll probably start averaging-in HGD tomorrow depending on futures and price action; for what it is worth, see the Fastmoney guy that wants to short gold miners.

https://www.cnbc.com/id/15840232?video=967806320

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