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

BetaPro Canadian Gold Miners 2x Daily Bull ETF

Bullboard Posts

Comment by Inv3storon Jun 10, 2015 10:45pm

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Post# 23818656

RE:RE:This will probably head to the low 5's if not high 4's in th

I think you would be doing good on that trade,
I am still holding my 11.30 HGD ..

Funny thing is I think both trades will do good , as long as you mechanically buy HGU in low to mid 5's, sell at mid 6. and/or buy HGD in mid to low 10, and sell in low to high 11.

This time though, I have leant more on the side of HGD, the setup in Gold is looking like a breakdown is immenent and the testing of 1140 is inevitable.

But then again, Gold will be much higher next year, so I believe HGU will still do better, I just think I can buy it a lot cheaper (after some profit on HGD) by Mid july.

Crazy markets Tad, Crazy Markets, but so far so good. as long as I do not get emotionally religious about Gold going to the Moon or $300 either ;)

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