Replies to post #18258 on Mostly: Classical

[KastelCo]

I hadn't realised that you're now running a broad based hedge fund(?)

Frank.. while I always enjoy and give weight to your market input.. it might be your sense of humour that I missed the most ;o)

One problem I've noticed with BetaPros is that they can trade like stocks.. ie.. gold is down but HGU is up because of anticipatory buying ... just like a common stock.. I like them also though, however watching the tape has taught me to be careful when I don't have time to watch the wiggles..
It's already common knowledge that these 2X (or Ultra etc) funds tend to have a lot of slippage in volatile markets.. so buy and hold seems a better bet with 1X funds.. XGD for example.. but for trading and cashing out 2X are great..

B

EDIT: looks like we were posting/editing in the same time continuum :O)