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Direxion Daily Financial Bear 3x Shares FAZ

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. 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 funds net assets (plus borrowing for investment purposes). The index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large-capitalization U.S. equity market. It is non-diversified.


ARCA:FAZ - Post by User

Direxion Daily Financial Bear 3x Shares
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Comment by Stocksnchartson Jul 18, 2011 1:13pm
107 Views
Post# 18842973

RE: RE: RE: Short silver?

RE: RE: RE: Short silver?If all goes as planned I will take profits on my Silver short as soon as tomorrow.  Budget/debt ceiling resolution would be bearish for Silver and bullish for mkts.  I'm very bearish on Silver and Gold from July 21 to Aug 11, and that will be one of my big summer plays.

FAZ likely to dip with a sharp rally from budget news.

SC  
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