Horizons Gold ETF (HUG-T)

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.

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.