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

Bullboard Posts

Comment by Stocksnchartson Jul 10, 2011 10:41am

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Post# 18815263

RE: Verdict?

The cycles and symmetry are firmly bearish for Silver in coming weeks. Silver has not capitulated yet from the May Silver crash. It needs to do this before it can rise in my opinion. Target $28 area.

The timing looks ripe for a plunge.

https://cyclicalmarketanalysis.blogspot.com/

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