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

BetaPro Canadian Gold Miners -2x Daily Bear ETF

Bullboard Posts

Comment by sawa2on Nov 07, 2009 11:12pm

542 Views

Post# 16464778

RE: GOLD

This reminds us the oil rise in 2008. Shorting Gold at this price is not scary. Besides, all the speculators are bullish and all the commercial investors are bearish. I would rather be with the commercials. All those who shorted oil more than 100 dollar made a hell of money. The top is already in or close. Hang on you don't have to worry about 6% loss you have to look for more than 50% profit. When oil was at 147 all the stupid analyst were saying it will go to 200, but it went all the way to 34. The same scenario is happening now.

Bullboard Posts

REITS over single property investments