DUST News and Press, Direxion Daily Gold Miners Index Bear 3X Shares From 10/13/21

Gold prices rise to the highest levels in nearly a month, dating back to September 16, up 1.98% and approaching the $1,800/oz handle as CPI data comes in higher than anticipated. Here's a look at some of the major spot gold and gold mining ETFs that have risen, as well as two levera...

The gold mining companies often magnify the moves in gold because they are leveraged to the price. The recent stance by the Fed has been perceived as slightly more hawkish creating even more selling in the gold miners. A big move up in gold will often occur simultaneously with a m...

According to a survey by the World Gold Council, almost 80% of central bank reserve managers plan to increase their gold holdings over the next year. Given that new gold supply is highly constrained, prices could reach new highs if inflation proves to be sticky rather than “tra...

Mining shares fall sharply, with gold posting its sharpest drop in nearly six weeks as the U.S. dollar and Treasury yields popped higher following data showing a rise in August retail sales. December Comex gold (XAUUSD:CUR) -2% to $1,758/oz., which would mark the steepest daily decline for bu...

Gold finished August trading at $1,813.62 per ounce, nearly unchanged from its July finish at $1,814.19 per ounce. Following the “flash crash”, gold managed to climb back above $1,800 per ounce, supported by mounting concern around the impact of the COVID Delta variant o...

The Federal Reserve bond buying/QE taper will have a more significant downward effect on US inflation than US growth due to global and emerging market spill-back effects. The US economy is on very firm footing and growth/employment has made substantial progress surpassing expectations...

Following the economic disruption of the COVID-19 pandemic and the unprecedented stimulus response, supply bottlenecks and a rebound in demand have been a feature of 2021. We observe that a diversified portfolio approach has had the highest correlation to upside inflation and the leas...

A metals bull is sounding an alarm for a potentially bearish decline. We currently have a setup developing that can provide a big hit to the metals market. I outline the parameters for this potential decline below. For further details see: Sentiment Speaks: Dangerous Pos...

Gold miners post strong gains as the metal reclaims $1,800/oz., with the dollar retreating from multi-month highs and deepening concerns that the coronavirus delta variant could slow the global economic recovery. December Comex gold (XAUUSD:CUR) +1.3% to $1,807.60/oz., while silver (XAGUSD:CU...

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...