DUST News and Press, Direxion Daily Gold Miners Index Bear 3X Shares From 05/10/21

Many people are thinking that last Friday's employment report points to a more accommodative Fed. Perhaps, but only if you think very short term. Many people are thinking that a more accommodative Fed is good news for growth stocks. Sure, but only if you think very short term. ...

Higher lows since March - A breakout in May. Gold is an inflation barometer. The consolidation was healthy. Buying gold on dips has been a winning strategy for over two decades. Gold mining stocks tend to outperform on the upside. Time to get back in GDXJ. For furthe...

Gainers: Microsectors U.S. Big Oil Index 3X ETN (NRGU) +28.8%.Microsectors Gold Miners 3X ETN (GDXU) +27.6%.S&P Biotech Bear 3X Direxion (LABD) +20.7%.Oil Services Vaneck ETF (OIH) +18.9%.US Oil Equipment & Services Ishares ETF (IEZ) +18.3%.Losers: M...

Oil, stocks and gold all cannot rise without a corresponding rise in UST yields. The idea that inflation hedge and risk assets can be up but yields down is untenable. A rise in US yields and stronger USD short circuits emerging market economies especially those with USD currency board...

Gold prices finished lower after U.S. Treasury Secretary Janet Yellen said interest rates may need to "rise a little bit to make sure our economy doesn't overheat."Her comments contrast with Federal Reserve Chairman Jerome Powell's insistence that the central bank will is not considering rais...

Strengthening consumer demand mitigated the impact of ETF outflows as global economies continued to recover. Following the shock of 2020, jewellery demand recovered in Q1 but remained subdued compared with previous historical levels. Healthy growth in retail investor buying met wi...

With greater clarity on the sustainability of the economic recovery, we also saw the opportunity set across markets broaden to include sectors beyond those seen as the primary beneficiaries of an economic reopening. As expected, the recovery hasn't been smooth sailing for all, with su...

This young gold-stock upleg is accelerating. Speculators and investors are increasingly realizing that this sector’s powerful surge since early March is the real deal. So they are rushing to chase this momentum by redeploying in gold stocks. The more they buy, the faster the mi...

Gold rapidly slides to the downside in early trading, dropping to $1,775, erasing its weekly gains. Gold has slid down almost -1.5% over the past two hours. See the below chart.The above chart is a five-day hourly chart showing the quick selloff. Earlier this week, on Wednesday, gol...

At long last, the precious metal appears to be breaking out of its near nine-month consolidation period following a strong run in 2019 and the first half of 2020. From a sentiment perspective, gold is still being viewed relatively negatively on the whole. Seasonality also looks to...