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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (117837)	2/16/2009 7:31:24 PM
From: Kayaker	Read Replies (1) \| Respond to of 206131

HGU is like HEU I guess. No futures or contango to worry about. But they still deteriorate a bunch. (I think I have the right underlying index here -- S&P/TSX Capped Energy Index.) Oct 10th, ^SPTTEN was 202.46 and HEU was 5.30. Feb 12th, ^SPTTEN was 204.93 and HEU was 4.10. The index was up a bit, but HEU lost 22.6% over that time period. finance.yahoo.com^SPTTEN#chart1:symbol=^sptten;range=6m;compare=heu.to;indicator=volume;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

To: Cogito Ergo Sum who wrote (117837)	2/16/2009 11:11:43 PM
From: axial	Read Replies (1) \| Respond to of 206131

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