BetaPro Canadian Gold Miners -2x Daily Bear ETF T.HGD

Alternate Symbol(s): HZRZD

HGD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the Solactive Canadian Gold Miners Index. If HGD 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 any decrease in the Solactive Canadian Gold Miners Index when this Underlying Index declines on that given day. Conversely, HGDs net asset value should lose approximately twice as much on a given day, on a percentage basis, as any increase in the Solactive Canadian Gold Miners Index when this Underlying Index rises 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, HGD employs leverage.

TSX:HGD - Post by User

BetaPro Canadian Gold Miners -2x Daily Bear ETF

Bullboard Posts

Post by Goldflowon Aug 25, 2013 7:12pm

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Post# 21696500

Gold should most likely continue up

Gold isn't just going up because of the lower than expected home sales. Based on the FOMC minutes, you can see that there was uncertainty whether tapering and reduction of bondbuying should start. For the time being, in my opinion, short-term future of gold looks very bright until the next meeting. POG this sunday has already started going up. I would expect to see a nice green open for HGU and red for HGD. POG has already broke the $1400 resistance point and if it can maintain above it today and monday, it is a no-brainer than POG will continue up for the rest of the month.

Everything I've stated is only my personal opinion and not advice.

All the best,

Goldflow

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