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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

Post by agoldbloomon Dec 15, 2010 3:45pm
391 Views
Post# 17851999

Charts are breaking down...

Charts are breaking down...I'm not into HGD because I've taken too many lumps on this one...however holders might be assured by the fact that there are many, many gold co charts that are breaking down today.  ARZ dipping below 50 wk, JAG too, SMF's 2nd close below the 50, IMG turning back down below the 200 wk average (although this one has been a dog all the way through the rally!).  I'm not sure if there is another upleg in the gold rally, I guess one could be if there was a default in the eurozone, but they seem to be able to cut that off at every opportunity.  We;ll see I guess, but it looks like HGD is prepping for a move back up.  IMO
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