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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

Post by stockabcdeon Jan 08, 2009 8:26am
244 Views
Post# 15690525

For those who still don't understand

For those who still don't understandHGU and HGD are an ETF Gold stocks related Bull and Bear Fund, if you are interested in Gold price itself, HBU or HBD are the funds you should have a look......Altho most of the time when Gold goes up, Gold stocks usually but bear in mind if Gold goes up and Gold stocks not moving...HGU or HGD will not perform as well.

Dow will gap down judging by SPY pre market...All stocks will be sold again.

Bear in mind these ETFs best suit for short term trade or for hedging purposes, if you do the math correctly, even if HUI drop back to its low, HGD will not be trading at $15-17 pre split level same apply to HGU, even if HUI reaches its former all time high, it will not be at $37+

Good luck.

oh btw, if you are a gold bug and only interested in HGU, a tip for you, shorting HGD will out perform longing HGU if you are in for long term.
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