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

Alternate Symbol(s): HZRZF

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 laffinatbaggieson Jun 14, 2016 12:28pm

323 Views

Post# 24964084

here we go

I started a small position in HGD today. I am in at an average cost of $10.38.
See limited upside for gold, maybe another $50 (maximum) or so in the next month or so.
There will be a lot of new bagholders of gold and silver stocks with many people screaming to buy them again. Most larger gold companies have seen their stock prices rise 3X. Soon it will be time to fall.
I will be adding to HGD in the next month or so.

Bullboard Posts

Calibre discovers significant gold in Newfoundland