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

Alternate Symbol(s): HZNSF

Metals & Mining Gold

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

BetaPro Canadian Gold Miners 2x Daily Bull ETF

Bullboard Posts

Post by BuyUrShareson Sep 20, 2013 10:21am

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Post# 21754379

SHORTS are Caught - They Need to Now Cover Going into OCT

Gold has big upside in the short-term for these two main reasons. First, a large number of traders went short gold at $1,700-$1,800 on the false belief that there would be a tapering from the Fed. However, now that we know the Fed was full of it and continued their $85 billion a month QE, they will be covering their shorts. The US is also set to hit the debt ceiling yet again, this time in either mid-October or early-November. Another debt-ceiling crisis like the one we saw in 2011 could send gold through its 200-day moving average of $1,484.

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