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

Comment by laffinatbaggieson Jun 16, 2016 1:09pm

188 Views

Post# 24971471

RE:here we go

Added another position of HGD this morning. Cost was $9.36 this time. Brings my average of HGD to $9.87. Will continue to add a few more positions of HGD in the next month. This is not a short term trade, this is a long term play. Gold will top sharply and surprise most people by heading down farther than the majority people would think possible. Only after that bottom, there will be a mother of a gold bull market. Until then, a lot of gold bagholders will be made. Many will then sell near the bottom and I will be buying the gold from them.

Bullboard Posts

Gold vs. bitcoin, where should you invest?