DUST News and Press, Direxion Daily Gold Miners Index Bear 3X Shares From 05/29/20

The gold price made a new 2020 high today and looks poised to take out the nominal all-time high around $1,920 and then challenge $2,000 in the months ahead. Some are even estimating that gold could climb to $3,000 by year-end on account of the nearly $10 trillion in new money/debt/stimulus th...

Precious metals miners are taking it on the chin after U.S. gold futures ( XAUUSD:CUR ) settled -1.7% at $1,705.60/oz., as economies around the world further eased coronavirus-linked restrictions, prompting hopes for economic recovery and improving risk appetite. More news on: Barrick Go...

The chart above speaks for itself. You could not find a more bullish chart set-up in the stock market. Note that the HUI/Dow ration bottomed out in late 2019 at the same level where it bottomed in late 2000. Most investors in this sector were not around for the beginning of the precious metals...

Gold: Fundamentals The sentiment of the gold market is extremely bullish. Usually the VC PMI is a contrarian indicator. Gold is breaking out and people are calling ridiculous numbers of $10,000 and $20,000 an ounce. Most people have no idea what it means economically for gold to be at $10,...

According to the NY Fed System Open Market Account Holdings page, the Federal Reserve has purchased approximately $650 billion in Treasury securities thus far in Q2 (starting April 1 2020). These consist of Treasury notes, bonds and T-bills. The holdings rose from approximately $3.1 trilli...

The major gold miners’ stocks have rallied dramatically out of mid-March’s stock-panic lows, soaring to new bull-market highs. Their just-reported Q1’20 operational and financial results reveal whether today’s higher gold-stock prices are fundamentally justified. Th...

U.S. M1 Exploding The Fed has stepped up to the mark in the COVID-19 crisis in an unprecedented manner. The monetary base is still growing as is US M1, with the latest report showing an extraordinary rate of increase in response to this extraordinary crisis. Chart by Author from FRED Da...

May 14, 2020 at 7 am PST. The E-mini S&P is at an area where it is likely to revert back up to the mean, while gold is reaching new highs and we are in an area where a sell signal is likely. We use the proprietary artificial intelligence of the Variable Changing Price Momentum Indicator ...

Is The Price of Gold Set For New Records This Decade? You can’t argue with the fact that we are in unprecedented times. Obviously, gold stocks and the price of gold have benefited greatly. But where does that leave precious metals in the future? Some analysts at places like Bank of ...

Gold Fundamentals The volatility of the market has allowed us to trade the technical aspects of the market as well as the strong fundamental picture that it is building. It is a perfect storm for the precious metals, especially for gold. The collapse from $1704 to $1450 was a historic coll...