TSE:HUG
Horizons Gold ETF (HUG.TO)
Financials 
Technical Analysis 
Sep 12, 2026, 12:00 amThis summary was created by AI, based on 1 opinions in the last 12 months.
Horizons Gold ETF (HUG-T) has exhibited impressive performance in the gold market, with a notable rally resulting in a 44% increase as of December 5, 2024. Expert commentary highlights a pattern characterized by periods of consolidation followed by strong rallies, particularly evident in the September/October timeframe. Currently, the ETF seems to be experiencing a pullback following this notable rally, indicating a phase of consolidation. With the strong seasonality for gold just concluding, one expert has opted to sell, suggesting cautious sentiment. A critical observation is that a drop below $25 per share would indicate a breakdown, but there is optimism for a potential re-evaluation as the next favorable seasonal period for gold approaches in December. Overall, while the current outlook reflects a strategic retreat from immediate investment, the fundamentals around gold remain positive.
It is about the seasonality of gold, which does well this time of year. It is hedged for currency. It is reaching a very important resistance level and if it breaks it then it will go higher until the middle of October.
Don VialouxGold tends to do well at this time of year. Supply basically remain fairly constant over time, but the demand picks up in the 4th quarter because of the Indian wedding season. The fabricators need to buy the gold, which happens in the summer months.
Brooke Thackray
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(A Top Pick Aug 25/17. Up 0%.) The best time to own gold and gold equities is around the end of July through until the beginning of October. There are 2 weeks left before the seasonal trade is over. If you do see a little bit of strength, he would suggest you take some money off the table during the next 2 weeks.