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

Alternate Symbol(s): HZNSF

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 fireintheholeon Feb 26, 2009 1:24pm

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Post# 15805609

More analysis for gold....

Market Minute: February 20, 2009: Gold nears $1025 target.

The target price for gold during this upward leg wasapproximately $1025. Due to the flight-to-safety mentality of the markets andstability of the U.S. Dollar Index, this precious metal has advanced too far,too fast and is now within the target zone at current levels. Models areindicating that gold has a high probability of pulling back starting in lateFebruary. The next low is expected in mid-April. Support is at $890-$910.

Investment approach: Short-term traders may wish to exit their trade on goldand wait until the mid-April low. Mid-term investors may wish to stay on thesidelines until the April low.

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Options trading in a volatile macro environment