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 28, 2009 5:50pm

344 Views

Post# 16025085

RE: Gold chart

Personally, I don't think a reverse Head & Shoulders pattern is working out here with the S&P chart...less likely as days goes by, more and more like a topping pattern to me and once 875/880 fail to hold, you can kiss that pattern goodbye.

I just hope gold will not follow it down when it happen....as for Dollar, the market is too short. a short squeeze rally is possible. Gold needs to clear 975 for a 1k run, 935 support should hold if there is a Dollar short squeeze.

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