Direxion Daily Jr Gld Mnrs Bear 3X ETF News

$3.98
-0.0600 (-1.49%)
At Close: Apr 29, 2024

The 3x Gold Trade Is Back

10:00am, Thursday, 10'th Dec 2020
Prior to March, traders who wanted to go long or short gold miners with 3x leverage had a number of options.  But in the midst of the market volatility that month, Direxion reduced the exposure of it
Fear factor is still strong and in favor of gold as investors fear a second shutdown. Inflation expectations are on the rise, further boosting gold's prospects.

Miners Remain Undervalued Despite Gold's Run

07:44am, Wednesday, 09'th Sep 2020
Gold had become overbought in the past month, trading well above trend, making it ripe for a correction.
The mining industry struggles to satisfy the rising demand for gold, as seen in the dwindling number of giant discoveries.
Cardinal Resources has received another offer from SD Gold, which represents a more than 60% premium to its initial offer in early June.

Gold-Stock Correction Mode

07:45am, Saturday, 05'th Sep 2020
Gold stocks are in correction mode. They shot parabolic into early August, surging too far too fast exhausting the capital firepower available for near-term buying.
Although gold prices reached historic highs this summer, we still see some potential drivers that could move prices even higher.

The United States Is Going Into Hyperinflation

11:54pm, Friday, 28'th Aug 2020
Deficit to outlay ratio tops 60%, above the hyperinflationary threshold of 40%. Q2 2020 GDP shrank 31.7%, but will improve in Q3 2020.
The news that Warren Buffet took a stake in Barrick Gold stimulated animal spirits in the precious sector on Monday.
Gold's latest pullback was a response to recent U.S. economic recovery.

Gold Miners In A Gold Bull Market

02:35pm, Saturday, 15'th Aug 2020
The performance that we're seeing this year - gold is up something like 20 plus percent, and the stocks are up over 40 percent - it's exactly the kind of performance we would expect in this environmen
The rise of no-commission, simple-to-use, brokerage platforms could have an enormous impact on the much more thinly traded precious metals equities.
While we advocate holding some physical gold, it has been mining stocks that have generated the best gains in 2020.
Alaska is a major gold-producing state so it benefits investors to understand the companies that operate there.

Gold Miners The Only Action In Town: Pal

12:48am, Saturday, 18'th Jul 2020
An odd flatness has characterized the market for the past month as markets hold steady and not much is moving.
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