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BetaPro Silver 2x Daily Bull ETF T.HZU

Alternate Symbol(s):  HZMXF

HZU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times 200 Percentage the daily performance of the Solactive Silver Front Month MD Rolling Futures Index ER the Underlying Index, Bloomberg ticker SOLCSIER. HZU 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 HZU 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 rises on that given day. Conversely, HZUs net asset value should lose approximately two times as much on a given day, on a percentage basis, as its Underlying Index declines on that given day.


TSX:HZU - Post by User

Comment by Umpatanon Jan 26, 2013 8:51am
80 Views
Post# 20893709

RE: RE: RE: RE: Sell now!

RE: RE: RE: RE: Sell now!

I wish to make a note that I do not mean to contradict my earlier post where I recommend shorting silver or buying the inverse HZD here.  My advice above here is directed to those who are trading on sentiment without any training on technical analysis.  I also do not wish to tell them to not bother trading if they don't know what they are doing since this is too big of an opportunity for them to miss and I wish everyone well.  My advice above is what I tell my friends who are not into trading.  I say wait for 35.00 an ounce to them because there is a chance that silver can reach as low as $22.00 an ounce, and some people may not have the risk tolerance to see HZU go to $2.50 or $3.00 before it becomes $25.00.  If you wait until HZU reaches $6.50 area before entering the trade, you will be much safer.  Yes, you will have less shares than if you had bought in now or at $4.00 but you can at least sleep at night taking the safe road.  Remember, capital preservation comes first before making money.  Sometimes I wish I had followed my advice I give lay people because I have found myself getting whipsawed by trying to get too cute with my fibonacci pinball. 

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