BetaPro Silver -2x Daily Bear ETF T.HZD

Metals & Mining Silver

HZD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times 200 Percentage the inverse opposite of the daily performance of the Solactive Silver Front Month MD Rolling Futures Index ER the Underlying Index, Bloomberg ticker SOLCSIER. HZD is denominated in Canadian dollars. Any US dollar gains or losses as a result of the ETFs investment will be hedged back to the Canadian dollar to the best of its ability. The Fund If HZD is successful in meeting its investment objective, its net asset value should gain approximately two times as much on a given day, on a percentage basis, as its Underlying Index declines on that given day. Conversely, HZDs net asset value should lose approximately two times as much on a given day, on a percentage basis, as its Underlying Index rises on that given day.

TSX:HZD - Post by User

BetaPro Silver -2x Daily Bear ETF

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Post by ETFguyon Apr 26, 2011 4:16pm

183 Views

Post# 18490695

Re:RE: Took profit!

Good luck.
Chart does look terrible,very parabolic,weekly, daily no still a lot's of room to go, SLV volume was very high yesterday, everything pointing to sell off, but will it happen?
Seem to have good support around $44.80, bounced back last night in Asian trading, today each time it touched
that area bounced back.
We might see small bounce from here, weather it continue to climb or not, we'll see.
I like to look at the things on day to day basis.
Today on BNN there was guy from Sprott, he is calling Silver $60-$80 range, he also said that some dealers in
USA are paying $3 premium to the current price.

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