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BetaPro Canadian Gold Miners -2x Daily Bear ETF T.HGD

Alternate Symbol(s):  HZRZF

HGD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the Solactive Canadian Gold Miners Index. If HGD 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 any decrease in the Solactive Canadian Gold Miners Index when this Underlying Index declines on that given day. Conversely, HGDs net asset value should lose approximately twice as much on a given day, on a percentage basis, as any increase in the Solactive Canadian Gold Miners Index when this Underlying Index rises 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, HGD employs leverage.


TSX:HGD - Post by User

Comment by shortUSA2on Sep 17, 2009 11:30am
287 Views
Post# 16314677

RE: RE: Gold Sell-Off / Short covering

RE: RE: Gold Sell-Off / Short coveringAccording to Jim Sinclair, the cartel is shorting against central bank buying ie Russia, China, Middle East.  This is significant because these buyers will take physical delivery unlike the usual speculators.  The commercials can be broken if enough  of the contracts demand delivery of physical metal.  If these are governments buying on the long end I can't imagine them taking cash instead of physical if it was physical that they intended to purchase.  I don't think they would tolerate a rule change in mid stream either.
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