A Levered Barrick Play

The Horizons BetaPro S&P/TSX Global Gold Bull+ ETF (HGU) and the Horizons BetaPro S&P/TSX Global Gold Bear+ ETF (HBP Gold Bear+ ETF) seek daily investment results equal to 200% the daily performance, or inverse daily performance, of the S&P/TSX Global Gold Index. The Index consists of securities of global gold sector issuers listed on the TSX, NYSE, NASDAQ and AMEX

This product is highly correlated now with heavy weight Barrick Gold and is basically a levered call on Barrick. OK if you like ABX like I do manly because of the recent higher low put in following 9-months of bullish price congestion the HGU at $16.52 is a lower cost way to participate in Barrick.Gold – think of the HGU as a call option with no expiry