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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Cogito Ergo Sum who wrote (117837)2/16/2009 11:11:43 PM
From: axial  Read Replies (1) of 206123
 
Hi Swan -

Your post came as a surprise; not sure what you mean when you say HGU "isn't really a futures play".
With Horizons BetaPro, there's no material difference between gold and crude, in how they use futures.

When researching HGU last week, the prospectus detailed the 3 days when futures rolled over, and the percentage.

I can't find it now, because the Horizons site isn't responding. When found, will post.

In the meantime, from here:

canadiansta.org



and...



---

If you mean that BetaPro Bull/Bear ETFs are not totally reliant on futures, then agreed.

But that's what I posted isn't it? No bull/bear ETF relies on futures alone: futures are just a component of the calculation.

So contango/backwardation should have an effect on all BetaPro Bull/Bear ETFs, and gold should not be expected to act differently than crude.

No?

Jim
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