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 May 01, 2011 12:51pm

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Post# 18514277

Objective!

It's very hard to be objective, there are so many articles on the web with good sound explanation for and against.
Chart daily yes, it could go further up, there is room to move, weekly no, monthly (10 year) double no, looks like
straight up.
This was Silver's second attempt to break above $50, maybe one more attempt after small pullback, if it manages to break, will fly, otherwise back to mother earth.
Another big factor US $, might actually bounce from here, monthly chart shows testing bottom for second time.
DYOD
Good luck and happy trading!

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