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 asdfbcon Dec 02, 2009 4:23pm

257 Views

Post# 16547125

RE: RE: Could there be another problem ???...

Never trust any paper equivalent to hard commodities like gold or oil contracts.

Contrary to what most people believe, they think that this will only make the price of gold go up. I believe the opposite to be true. What we in fact have is now an IOU worth and backed by nothing......except the prices settled on each day. Most people who trade these contracts trade under the premise that it will never get delivered...it will just get carried forward. Sound familiar.....yup...much like Oil in 2007/2008. This is what happens when there is too much cheap monopoly money circulating in the global economies.

To the nay sayers of fiat currency.....gold contracts are worth just the same.

I'd be taking profits on gold now......

Bullboard Posts

Canadian artificial intelligence ETFs