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BetaPro Silver -2x Daily Bear ETF T.HZD

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

Comment by thefareguruon May 04, 2011 12:38pm
120 Views
Post# 18529353

RE: Are we heading for $ 30 silver?

RE: Are we heading for $ 30 silver?Have a look at the trading for Jan. 28, 2011.
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Perhaps others have a better source for looking at expired contracts, but I use:
admis.com/quotescharts.aspx
Get the chart for silver, then substitute the month and year that you want in the hyperlink, for example you can change the SIN11 to SIG11 for Feb 2011 Silver.  Holding your cursor over each date gives you the range for that day.
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IIRC, it hit 26.40 that day
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To see what a bubble looks like, check out the chart for CLZ08 and the 2 before it so that you can see the high in July, CLX08 and CLV08.  Come to think of it, this situation may be analogous.
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