HBP Global Gold Bull+ ETF (HGU.TO) Buy, Sell…

HBP Global Gold Bull+ ETF (HGU.TO)

23.63

+0.57 (2.47%)

as of Jan 17, 2025, 8:59:35 pm Market Open.

28 watching

DON'T BUY

Pair trade of Global Gold Bear+ ETF and Global Gold Bull+ ETF? These are double ETFs so that if gold moves $1 you will see a $2 move. He does not like using double or triple ETFs. Very simple arithmetic will show that the price of the commodity can stay flat but, as a result of how they run these ETFs, you lose money over time even though the commodity space flat.

COMMENT

Global Gold Bull+ ETF. Doesn't like leveraged plays. Claymore has a closed-end fund, which is now converting to an ETF. This would be much more attractive because it is hedged.

PAST TOP PICK

(A Top Pick Nov 7/08. Up 140%.) Global Gold Bull+ ETF. Back in November about the only thing you can count on was that gold was going higher.

TOP PICK

S&P/TSX Global Gold Bull+ ETF. (Double leveraged.) With this, you are long a basket of gold stocks, which are market cap weighted. Leaves there will be a restructuring of the global financial system driven by currency and the decline of the US$. Treats this one as a trading stock.

PAST TOP PICK

(A Top Pick May 16/08. Down 46.89%.) Global Gold Bull+ ETF. Has been in and out of this a number of times right now he loves gold.

BUY

He is a bull on gold. Would not short it. It will increase regardless of recovery. Lots of other factors driving gold. Gold is an under invested vehicle and he sees it as a major part of portfolios.

RISKY

Double top. Trend line got violated. It’s easy for it to move down. Could be short term trade. Look at daily and hourly charts. You need volume and you need stops.

TRADE

Gold is an important part of any portfolio and is a good protector of value. There is enough gold bugs out there that will drive up the price of gold whenever there are inflation talks out there. This is a day-to-day speculative play. There is probably some more downside on the price.

COMMENT

Gold will go up if we have inflation. Because of the stimulus packages in economy, inflation is a distinct possibility but probably not for another year or maybe two. Gold will do better when the US$ weakens.

TOP PICK

Trading at a huge discount to intrinsic value. If you look at the value model of picking stocks, this fits everything. Earnings went from $700 million in 2007 to $3.1 billion in 2008. Management says there is full visibility for the next 2 years. No debt.

TOP PICK

Gold Bull ETF. When gold goes, you are going to get 100-point or 200-point days. US Fed is printing money but the money is stopping. They are giving it to the banks who will start lending it out. Once the fear trade starts to unwind all that money starts to go into the system and then when you get any sort of pickup in economic activity that money starts to accelerate, which leads to inflation. Once you see general markets in an upswing, except this and going to companies.

COMMENT

Why are HGD-T and HDU-T both down? Every once in a while you do get anomalies and that may be why they are both down together.

COMMENT

Has never been a big fan of gold. It’s a 2 to 1 bet on gold. Interesting trading vehicle. Leveraged ETF's are fine but he views them as trading instruments, not long-term investments. Not a bad position if you want a small part for your portfolio as a defensive tool.

TOP PICK

Gold stocks tend to trade more on the commodity and less on earnings. Right now the commodity is at the bottom end of its channel. You might as well buy an index; you don’t need to buy a name. On this one you get 2 times what the large-cap gold stocks do. If they go up 10%, you make 20%.

TOP PICK

Gold stocks are hitting his model right now. This is also the season to own them. With this one, you get 2 times the move. If gold stocks go up 15%, you make 30%.

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HBP Global Gold Bull+ ETF (HGU.TO)