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10000 units of Silver Bull ETF
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Thread: 10000 units of Silver Bull ETF

  1. #1
    Join Date
    Feb 2013
    Posts
    2

    Default 10000 units of Silver Bull ETF

    Hi, I just bought 10,000 units of Horizon Betapro Silver ETF HZU leveraged 2x. I got it at 5.11 today, and do think that the chance of it dropping to $3.50 per unit before seeing the parabolic rise is likely, but I do believe that it will go to $10.00 eventually. I am thinking of the time horizon for it to go to 10.00 per unit, and wonder if anyone knows how long would it take, and how much silver would have to get to for it to reach 10 bucks on this etf?

  2. #2
    Join Date
    Dec 2009
    Location
    Chicago
    Posts
    4,376

    Default

    Quote Originally Posted by Pools Portfolio View Post
    Hi, I just bought 10,000 units of Horizon Betapro Silver ETF HZU leveraged 2x. I got it at 5.11 today, and do think that the chance of it dropping to $3.50 per unit before seeing the parabolic rise is likely, but I do believe that it will go to $10.00 eventually. I am thinking of the time horizon for it to go to 10.00 per unit, and wonder if anyone knows how long would it take, and how much silver would have to get to for it to reach 10 bucks on this etf?
    You should probably get an opinion from your equities broker.

  3. #3
    Join Date
    Feb 2013
    Posts
    1

    Default

    Hi, HZU has dropped to $4.94 today, and you should have bought it today instead and saved yourself 17 cents a unit.

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