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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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Comment by stockabcdeon May 19, 2009 5:57pm
279 Views
Post# 16002072

RE: Gold should explode...and the HUI ...

RE: Gold should explode...and the HUI ...Well, you should have been trading long enough to know that HUI at around xxx doesn't mean gold has to be at xxx, thing is S&P failed to hold 915-6 and everything went down with it including HUI, btw it is getting more likely that SG target of HUI 400 will not take HGU to 15 and if gold do not break 940 very soon, gold stock will begin to correct.  Meanwhile HGU at 12+ seems to be a good place to profit take.
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