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

Comment by fastloaderon May 22, 2009 12:57pm

481 Views

Post# 16009549

RE: A few things on my mind...

I am in HGU daily for trades and do not hold really for any length of time. Sometimes 2 days. I am in V.ATW which is a nice little gold producer with tremondous upside. I am also a gut feeling trader and agree that gold will go much higher. Why fight the trend and not go with the flow? I still can't believe the TSX is climbing higher and I am done with catching falling knives. I buy stocks on the uptick and find that I do much better than placing an order and hope that it gets filled. Today I am holding HGU with a small loss after buying in at 13.58 this morning and just hoping for an afternoon rally but being the day before a long weekend and a Friday we might not see that. Can't complain as this week has been very good for trading.

GLTA

Bullboard Posts

Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload