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BetaPro Canadian Gold Miners 2x Daily Bull ETF T.HGU

Alternate Symbol(s):  HZNSF

HGU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the daily performance of the Solactive Canadian Gold Miners Index. If HGU is successful in meeting its investment objective, its net asset value should gain approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index rises on that given day. Conversely, HGUs net asset value should lose approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index declines on that given day. In order to achieve this objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. As such, HGU employs leverage.


TSX:HGU - Post by User

Post by livenlearnon Jun 27, 2013 8:01pm
107 Views
Post# 21577990

This

Thisnew set up is not very friendly to iPhones.. maybe there's an app.
anyhow the markets have totally over reacted... either way this will be good for the long term for miners with cash to cut back on costs.  When gold was $1100-1200 last I believe barrick was trading in the 30s.... need to get those costs down closer.., won't happen overnight.
should get a little bounce here I think , gold is at solid support at an extremely oversold level.  Bought morehere.  I will save another shot if she goes to 5 giving me a 7.50 avg.
wait til the markets figure out there won't be tapering anytime soon after the miners have cut costs. ... when miners cut production that may be the bottom in gold....Going to be a turbulent hold
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