DUST News and Press, Direxion Daily Gold Miners Index Bear 3X Shares From 07/28/21

German yields are more likely than US yields to decline, widening the UST minus German bond yield differential, putting downward pressure on EUR/USD. The United States’ fiscal impulse is greater. The ECB is providing greater monetary stimulus - larger asset purchase program/GDP...

Two new sample breakout stocks for Week 30 with better than 10% short-term upside potential. A new ETF/ETN forecast section has been added. Following the Momentum Gauges, the portfolio is up +49.8% YTD with a record 15 out 29 weeks this year in negative market conditions above the 40 ...

OPEC+ is celebrating the UAE disagreement didn't degenerate into a price-war but the costs are a big production increase anyway. The most important question was not answered, that is how to maintain only +400K bpd per month through 2022 when baseline increases allow 1.6M in May 2022. ...

For the first month in seven, mutual fund investors were net sellers of fund assets, removing $51.8 billion from conventional funds for June. Fixed income funds (+$54.6 billion for June) witnessed net inflows for the fourteenth month in a row, while money market funds (-$77.0 billion)...

Gold succumbed to dollar strength, falling 5.1% over the same three-day period, and trading below multiple technical support levels. Sector fundamentals could also be an important driving factor. More persistent and higher inflation would offset the effect of any rise in rates, ca...

The latest jobless numbers were higher than expected. Jobless claims rose to 373,000. Everyone appears to be worried about inflation. The media is saturated with talk of inflation. The bond markets anticipated a slowdown in relation to jobless claims. The real issue is not inf...

Gold jumps above the $1,800/oz level early on in Tuesday’s trading session, taking the precious metal to a recent three-week high. Traders are back from a long holiday weekend and start the day off as buyers after gold has been trading in a lower range and choppy market conditions.Whil...

Gold futures (XAUUSD:CUR) settled -1% to $1,763.60/oz. after declining as much as 1.7% to $1,749.50, the lowest since April 15, hurt by a stronger dollar in the run-up to this week's U.S. jobs report, which is widely expected to come in strong and could support the Federal Reserve's recent ha...

Gainers: Microsectors Gold Miners 3X Inverse ETN (GDXD) +37.5%.Microsectors 3X Inverse U.S. Big Banks ETN (BNKD) +26.6%.Gold Miners Bear 2X Direxion (DUST) +24.6%.Junior Gold Mine Bear 3X Direxion (JDST) +23.6%.Financial Bear 3X Direxion (FAZ) +20.0%.Losers: ...

Gold futures tumble below $1,800/oz., poised for their biggest one-day loss in seven months, after the Federal Reserve sped up its expected pace of policy tightening.August Comex gold (XAUUSD:CUR) -4.1% at $1,784/oz., which would represent the steepest percentage drop since Nov. 9, according ...