Horizons Gold ETF (HUG-T)
TSE:HUG
23.39
0.26
(1.12%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 1 opinions in the last 12 months.
The Horizons Gold ETF (HUG-T) has experienced notable fluctuations this year, primarily driven by central banks' increased purchases of gold. Despite a recent pullback, the overall sentiment suggests potential for recovery, especially if investor interest begins to rise. Experts foresee that with the prospect of declining interest rates, there could be a significant upswing in gold's value. The upcoming seasonal period from December into January and February is expected to bolster gold prices further. While current investor engagement may not be strong, the general outlook remains optimistic for the next year, with expectations for a favorable climate for gold investments.
XGD vs. HUG and the impact of the November election XGD is the granddaddy of gold ETF wth top holdings being Newmont, Barrick and FNV, totalling 40%. Given this weighting, he prefers HEP. HUG holds the actual gold. He doesn't know how the US election will effect gold stocks, which is why people buy gold--a reaction to uncertainty.
(A Top Pick Aug 25/17. Down 1.84%.) Gold and gold stocks have 2 periods of seasonal strength. One is from the end of July until the end of September, and then it goes down, bottoms around the middle of December and then goes higher until February. This year gold and gold bullion peaked a little early, around the middle of September. The worst period to own gold and gold equities is from October through to December.
(A Top Pick July 31/17. Down 1%.) Tracks bullion and sold it towards the end of September. Gold does well from July 27 into Oct 9, and typically the last little bit is a little iffy, so from a seasonal perspective, it is best to get out at the end of September.
(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.
Horizons Gold ETF(HUG-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Horizons Gold ETF(HUG-T) Frequently Asked Questions
What is Horizons Gold ETF stock symbol?
Horizons Gold ETF is a Canadian stock, trading under the symbol HUG-T on the Toronto Stock Exchange (HUG-CT). It is usually referred to as TSX:HUG or HUG-T
Is Horizons Gold ETF a buy or a sell?
In the last year, there was no coverage of Horizons Gold ETF published on Stockchase.
Is Horizons Gold ETF a good investment or a top pick?
Horizons Gold ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Horizons Gold ETF.
Why is Horizons Gold ETF stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Horizons Gold ETF worth watching?
0 stock analysts on Stockchase covered Horizons Gold ETF In the last year. It is a trending stock that is worth watching.
What is Horizons Gold ETF stock price?
On 2025-03-18, Horizons Gold ETF (HUG-T) stock closed at a price of $23.39.
Gold got a strong bump up this year (driven by central bank buying), now pulled back a bit. Central banks are continuing to buy, but we haven't seen a lot of interest in gold from investors yet. Gold could pick up, some hot money could start to move in at some point in 2025. Gold will probably have another good year next year. Interest rates coming down would help gold move higher. Strong seasonal period from December into January/February.
Disclosure: He works for Global X (formerly Horizons).