DUST ETF

Direxion Daily Gold Miners Index Bear 2X Shares ETF offers leveraged inverse exposure to gold miners, aiming for -200% daily returns of the NYSE Arca Gold Miners Index. The DUST ETF uses swaps and futures contracts instead of owning gold mining stocks, making it suitable for short-term bets against gold miners. High fees and daily resets make DUST risky for long-term holds, but it can be a useful hedge or speculative tool for tactical traders.

Gold prices are up 13% for the year, but different market experts are forecasting varying scenarios for the precious metal moving forward. Nonetheless, whether prices head up or down and regardless of how it effects miners, traders can play the moves with leveraged exchange traded funds (ETFs).

Gold prices are continuing their upward trajectory, rising 3% within the past month as investors continue to anticipate rate cuts heading into 2024. The fluctuations in gold prices, whether they head up or down, creates opportunities in a pair of leveraged exchange-traded funds from Direxion.

BLOK: When The Bear Dust Settles, This ETF Will Be On My Short List To Buy

Gold prices have dropped significantly lately, reaching yet another milestone-low as investors saw the price of gold drop below $1,870 per ounce last week. This is the lowest the precious metal has fallen in the past six months.

Gold has long been an asset class that investors have turned to during times of economic uncertainty. However, in State Street Global Advisors' recent Gold ETF Impact Study, the firm reported that “36% of surveyed investors don't invest in gold because they don't know enough about the ways that they can invest in gold.

The S&P 500 was up 3.11% in July, bringing its YTD return to 19.52% as equities continue to rally. This could have spurred an outflow in gold exchange traded funds (ETFs), but prices held steady amid the sell-off.