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

Bullboard Posts

Post by fastloaderon Apr 17, 2009 3:58pm

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Post# 15927655

FLEECED

The general public thinks that the banks are going up, up, up. well the expectations are so low that anyone could beat the street. These companies were given money from the tarp fund and they are using it in their bottom line which I cannot believe. I think that this is another opportunity to buy into gold for those that missed the last run. I am starting another core position and think that we will see gold go up from here and once the eurphoria wears off we shall see a pullback in financials and money pour back into gold.. 9500 is the next hurdle for the TSX as it is the January high for the year, I am not a TA guy but know enough that this rally cannot go forever and people will put their money back into commodities as the USD cannot hold up for much longer. JMHO

Good luck.

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