DUST News and Press, Direxion Daily Gold Miners Index Bear 3X Shares From 08/22/21

Gold miners are extremely cheap relative to the overall U.S. stock market and also cheap relative to the price of gold. Taken together, the current gold price suggests that the enterprise value of the GDX's underlying NYSE Arca Gold Miners Index should be almost double its current lev...

The Indian stock market is soaring despite a very weak economy and employment picture. FX depreciation of the INR against the USD and foreign portfolio outflows are a barrier to further gains and could catalyze a drawdown. Indian equity market valuations are at a sky-high level ex...

Gold prices are down over 10% YTD and flash crashed over $60/oz. on Asian market open Sunday night. Gold will continue to trade as a "risk-on" asset and will not provide a hedge against a financial market downturn as the Fed has no further policy accommodation space. Gold prices a...

Numerous multi-decade extremes support a bearish conclusion for U.S. equities. The media has featured numerous articles about how there has been a rotation among equity sectors. The assumption which underlies almost all of these analyses is that we are in a bull market and that the se...

Th spot gold price has shed 12% over the past year since topping $2K/oz., even as other commodities have climbed, but Wells Fargo expects gold will resume its leadership position in the current bullish cycle, sparked by China's purchases during recent months. "Over the past three months, gold...

Gold took a sharp downturn Friday following release of the strong July U.S. jobs report, and here's a look at the key gold-related ETFs that fell along with it. July jobs growth of +943K beat out estimates of +900K, news that almost instantly sent gold dropping 2.5%. The precious metal q...

UST longs and/or USD shorts should not take solace in the GDP "miss". Nominal GDP registered a major 13% increase, while real GDP grew "only" 6.5%. Personal consumption expenditures rose 11.8%. The PCE deflator which adjusts nominal to real growth came in at 6.4%. Higher-than-expe...

Gold demand (excluding OTC) for Q2 was virtually in line with Q2 2020 at 955.1t (-1%). Jewellery demand saw a second consecutive quarter of strong y-o-y growth, bolstered by global economic recovery and improving sentiment after the extreme difficulties of 2020. Q2 investment of 2...

Shares of precious metal miners are moving higher in the pre-market after some earnings reports and prices for gold and silver rise alongside a weaker U.S. dollar. August Comex gold (XAUUSD:CUR) +1.3% to $1,823.30/oz.; September silver (XAGUSD:CUR) +2.8% to $25.57/oz. ETFs: GLD, GDX, NUGT, IA...

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...