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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Post by wavepsycheon Jun 03, 2009 8:42pm

347 Views

Post# 16041858

Next Big Move Will Be Down

While the paring of loses at the close felt more like consolidation than the start of the next leg down, the de-leveraging of everything (including POG) seemed like a replay of July-Oct 2008. If 'not so bad' news is no longer good enough as a positive catalyst, then POG could be dragged down until seasonal strength kicks in.

Unlike the many observers who now are following stocks higher and upping their S&P 500 target forecasts, I believe that the next 50 points in the S&P will be down, not up, as the clouds over the horizon expressed in yesterday's column come to the fore.

https://www.thestreet.com/story/10508113/1/kass-next-big-move-will-be-down.html

Any thoughts on HGU entry points? POG at 888? 925? Meanwhile, HSD looks good for 50 S&P points (as Kass suggests), particularly if the bad employment numbers play out as implied by today's ADP numbers.

GLTA.

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