Gold has had an amazing run in 2020, but as the year winds down, will those price increases crumble to dust? Or will they feed into gains for the bears via the Direxion Daily Gold Miners Index Bear 2X Shares (DUST) .
DUST seeks daily investment results before fees and expenses of 200% of the inverse of the daily performance of the NYSE Arca Gold Miners Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund’s net assets.
The index is a modified market capitalization weighted index comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold and, to a lesser extent, silver.
The bulls have obviously been winning the majority of the war versus […]
November 21, 2020 (updated November 21, 2020) Published by StockMan