DUST News and Press, Direxion Daily Gold Miners Index Bear 3X Shares From 06/22/19

Gold is a currency and a commodity that is unlike all other assets as it is a hybrid. As a raw material, jewelry, and a myriad of industrial applications require gold. As a currency or financial asset, central banks around the world hold the yellow metal as an integral part of their foreign ex...

Gold finally surged to new bull market highs this week. Several years after its last bull high, gold punched through vexing resistance after the Fed continued capitulating on ever normalizing. This huge milestone changes everything for gold and its miners’ stocks, unleashing new-high ps...

Comex gold futures +2.7% to $1,385.60/oz., on course for their biggest one-day advance since October, surging on the combination of escalating tensions in the Middle East and the Fed's fresh rate-cut signal yesterday. More news on: DRDGOLD Limited, Coeur Mining, Inc., AngloGold Ashanti L...

We have been hearing a lot about the next move of the US Federal Reserve over the recent weeks, and it appears that their next step will be to lower to Fed Funds rate. In the aftermath of the global financial crisis in 2008, the Fed cut the short-term rate to zero percent. Other central banks ...

The gold miners’ stocks have surged powerfully over the past few weeks, challenging upleg highs. Traders started returning to this small contrarian sector as gold blasted back above the psychologically-crucial $1300 line. While such early-summer strength is atypical, gold miners’...

We used the proprietary Variable Changing Price Momentum Indicator (VC PMI) automated algorithm to analyze the weekly gold market. Gold Gold made a new high last week of $1,362.20, which was a 14-month high. It closed Friday at $1,345.30, up about $1.60 for the day. In taking a look at the...

The gold market is waiting patiently for the next Fed meeting. Gold has been trading in a range between $1046.20 and $1377.50 since December 2015. The correction from the all-time high in 2011 took the price of the yellow metal from $1920.70 45.5% lower from the high to the low. The $331.30 ra...

Last Friday night, after the markets had closed, US President Trump told the world that Mexico had agreed to a deal that would avoid the spread of protectionist measures. The US leader had used tariffs, not to level the playing field on trade, but to achieve cooperation from the Mexican govern...

All markets are driven by the emotion of fear - fear of losing and fear of missing out (greed) - and it is hard to think of a more emotional investment than gold. It has been the 'go-to' refuge from recessions and from inflation since the beginning of modern times. In this piece, we argue that...

According the CME FedWatch tool, Fed Funds futures markets are currently pricing in a 98.5% chance of the Federal Reserve lowering rates at least once this year. Breaking it down further, there is a 31.9% probability of 2 rate cuts and a 35.4% chance of three 25 basis point rate decreases, as ...