Loading ...XGD.TO
This is my new Go To PM ETF.
It’s the Canadian Listed Precious Metals
I have always been a HUI guy …But I find this one is better ( it takes the US Dollar out of the equation)
If the dollar strengthens against the Loonie….that is positive for XGD.
Anyhow
Interesting chart spot right here
PS….I have been in and out of many miners for the last few years. OUT right now.
BUT it takes a lot of time to sell and buy them all at once so I am going to just buy this ETF when it looks ripe.
I like most of the stocks in this one….and the volatility is manageable.
Also can hedge with HGD.TO the 2X Canadian Listed Bear ETF when the time is right.
Doing about the same. zzzzzz
“I have always been a HUI guy …But I find this one is better ( it takes the US Dollar out of the equation)”
I don’t follow you here.
HUI is a gold miner index.
XGD is a 1x gold bullion fund. (so no, you can’t hedge it with a (half) HGD position. Since those are miners. HBD would work. “B” for bullion.)
HUI and GDM and GDX (and HGU) are miner baskets. You are tracking the metal here with XGD.
If you want miners, ZJG is your 1x in and out option. HGU and D are leveraged miners.
PS — I don’t like XGD since Horizons uses **U and **D to distinguish long and short funds, and using this would confuse me since I mostly use the Horizon funds. Should be named XGU or XGL instead. Stupid of them.
Fully — please copy any inquiries/responses on this directly to my email as I often miss followon responses in these chains.