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 stockabcdeon May 26, 2009 6:53am

219 Views

Post# 16015604

RE: RE: RE: Ready for take off ?.. ??

Well JS has been calling for 3k gold since at least from 20 years ago so no I don't expect it to happen tomorrow or in 3 days, Gold bugs were calling all golden arms to load up gold when it retrace to 960 from over 1k last fall, well it was no big deal when it went to 700 if you are not margined. I am not against gold or a gold bear, I just hate the way gold bugs calling it...and to be honest, if gold is going to da moon, this is the time to do it, it got all the fundamentals behind it. BTW, June gold tested support near 935 (low of day is 936.60) and I don't expect it to break but if it does, it will change the technical picture.

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