GDXS News and Press, ProShares UltraShort Gold Miners From 11/13/19

2019 has been an eventful year in the gold market. The price of the yellow metal has traded in a range from $1266 on the lows in April to $1559.80 per ounce in early September. In June, the precious metal broke out to the upside when it rose above the July 2016 high, and level of critical tech...

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On October 30, the US Federal Reserve cut the short-term Fed Funds rate by 25 basis points. The move was the third since July 31 that pushed the Fed's benchmark to 1.50% to 1.75%. Over that period, the Fed had not only reduced short-term interest rates, but it also ended its balance sheet norm...

The gold miners’ stocks have surged in 2019, blasting higher after gold’s first bull-market breakout seen in several years. That powerful summer rally left them really overbought, necessitating a correction to rebalance exuberant sentiment. That grinding consolidation lower has s...

For many investors, gold’s extended trading range since late August has been agonizingly long. Gold bulls have patiently waited for the next rally phase of the metal’s price to commence. And while there are fundamental signs which favor the continuance of gold’s bull marke...

Gold has been in the spotlight since June when it broke out to the upside above its critical resistance level at the July 2016 high of $1377.50 per ounce. That price stood as a line in the sand on the upside for the precious metal for almost three years before it finally gave way. The price ra...

By David Brady, CFA While it seems that nothing much has happened in the past week or two, metals and miners have stopped falling after a tremendous rally. Such consolidation bodes well going forward, as does increasingly desperate actions on the part of the Fed and other central banks. We...

Gold is money. The yellow metal has been around as a means of exchange long before there were dollars, euros, yen, pounds, yuan, or any of the other currencies of the world today. The role of gold as an instrument of exchange precedes the Bible. If you have never held a pure gold bar or one-...

Passions and opinions in the silver market always run high. Some market participants believe there is a cabal of institutions and governments that hold the price of the metal down. Recently, a handful of traders received government RICO indictments for spoofing or manipulating the price of sil...

Gold broke out above its critical level of technical resistance in June. The price of the yellow metal rose above the July 2016 high at $1377.50 and has not returned to that price. Gold moved to the upside in what was almost a perfect bullish storm for the precious metal. Falling interest rate...