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Global X Gold Producer Equity Covered Call ETF T.GLCC

Alternate Symbol(s):  HEPZF



TSX:GLCC - Post by User

Post by AnalyticalTraderon Dec 14, 2011 10:19am
422 Views
Post# 19320774

Weak HEP: but it's GOLD after all

Weak HEP: but it's GOLD after allOne thing I like about HEP is that it holds shares of the gold producers. If the distribution rate can still stay above 10% it's still a strong buy, since gold will rebound when the Fed has to take action to depreciate USD to save export growth. The current surge of the greenback will reach a boiling point when it's bad for the US. The strong dollar also means that it's the best time to trade the US in anticipation of a dive of the currency.
The key question for HEP is not whether it will rebound, since it will, but whether the distribution would stay high.
What do you think?
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